Infosys allots 114.84 crore reward shares amounting to Rs 574.23 cr

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New Delhi: IT vital Infosys on Thursday pronounced it has allotted 114.84 crore reward shares amounting Rs 574.23 crore in a ratio of 1:1.



“…the Board of Directors allotted 114,84,72,332 equity shares any aggregating Rs 574,23,61,660…as entirely paid-up reward shares in a ratio of 1 equity share for any 1 equity share held” Infosys pronounced in a filing to BSE.

The shares were alloted to those shareholders whose name seem on a register of members/register of beneficiaries as on Jun 16, 2015, it added.

Bonus shares are giveaway shares given to a existent shareholders of a company.

The association had announced 1:1 equity reward in April, following that shareholders now have twice a series of shares they had earlier, though a cost of any scrip halved with a preference holding effect.