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Infosys turns ex-date for 1:1 bonus; stock hits new high

Infosys hit a new high of Rs 737, up 3% (adjusted to bonus issue) on the BSE after the shares of country's second largest IT services company turned ex-bonus in the ratio of 1:1.

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SI Reporter Mumbai
Shares of Infosys hit a new high of Rs 737, up 3% (adjusted to bonus issue) on the BSE. The stock of the country's second-largest information technology (IT) services company is trading ex-date for 1:1 bonus issue.

The board of directors of Infosys has fixed Wednesday, September 5, 2018, as the record date for the purpose of allotment of bonus shares/stock dividend.

Infosys’ board at its meeting held on July 13 had recommended a bonus issue of one equity share for every equity share held on the record date. The issue of bonus shares was to celebrate the