Infosys 1.1 million shares issued to eligible employees. On 12 May, the distribution was made according to the two relevant personnel positions. The entitlement issues in this plan are aimed at expanding employee ownership in the company and rewarding employee performance.
Infosys, in its stock exchange file dated May 14, “A notification has made that the Company has allocate 5.11,862 shares on May 12, 2023. In order to prohibit the use of the organization by qualified employees.”
Total employees, 1.04.335 shares distribute within the scope of 2015 equity incentive. 4,07,527 shares were allocate in the Infosys 2019 expansion partnership.
At the same time, employees are encourage to link their performance with the company’s goals. Not only that, but it also serves as a reward for the work of those working with equal members for their contribution. Also, keep employees happy with the organization.
The 2015 Incentive Compensation Program replaces Infosys’ previous RSU plan.
In addition, the Infosys Extended Capital Plan 2019 aims to increase shareholder value by expanding the ownership of the company’s employees as a joint operation to incentivize, retain and attract key talent to performance.
Finally, Infosys said that, on 12 May, the issued and authorized capital. The company increased to Rs 20,749,373,460 divided into 4,149,874,692 shares of Rs 5 each.
Infosys shares closed at Rs 1,245.55 per share, down 0.84 percent on BSE.
Infosys is India’s third largest company by market capitalization and the second largest in the IT sector.
Currently the market capitalization of the company is more than Rs 516 trillion.
Shares fell last month after the Indian BT major reported weaker-than-expected Q4FY23.
However, CEO Salil Parekh shared an important update on the company’s merger and acquisition (M&A) plans.