New Delhi: Infosys has done it again. Pleasantly surprising the markets, the company has announced that its board will mull a bonus issue of shares on April 14 when it meets to announce the full year results.
If approved, this will be Infosys's fifth bonus issue since its listing in 1993. The company has a history of declaring at least a one-for-one bonus share issue.
Infosys Chief Mentor, N R Narayana Murthy, who was in Mumbai for a book launch, refused to comment on the bonus issue. Speaking on fund flows to India he said that the country needs to look at ways to ensure long-term capital.
"It is our responsibility to make sure that there is greater funds flow into the country. Much more so in-terms of FDI rather than portfolio investments," he said.
"To do that we have to create an environment that says we welcome you, since that makes those people feel wanted and makes them invest more in India."
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