Thursday, 13 April 2017

Infosys to return up to $2 billion to shareholders; appoints co-chairman

Infosys set a $2 billion cash return to shareholders and appointed an independent director as co-chairman, moves that may placate a group of founders and former executives who have criticized India's second-biggest software services exporter. Some founders and former executives of the Bengaluru-based company have publicly accused its board of governance lapses and had urged it to reward shareholders through a share buyback like rival Tata Consultancy Services did with a $2.4 billion buyback announced in February.

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