Infosys allots 1.30 lakh shares under ESOPs; stock slips ~1.5%

21 Nov 2022 , 12:38 PM

Infosys Limited informed that it has completed the allotment of 1,29,939 equity shares on November 18, 2022, pursuant to the exercise of Restricted Stock Units by eligible employees under the 2015 Stock Incentive Compensation Plan.

The company stated that following such issue, the issued and subscribed capital of the company stands increased to Rs2,104.04 crore. The share capital consists of 4,208,080,843 equity shares of Rs5 each.

Further, the company also informed exchanges that it has inaugurated Foundation Sports Park in Bengaluru. The park in Adugodi includes volleyball, basketball, football, and badminton courts, as well as a skating rink and children’s play area.

Previously, the Infosys Foundation signed a Memorandum of Understanding (MoU) with the Commissioner of Police, Bengaluru City, to improve the city’s sports infrastructure for the general public. The Infosys Foundation contributed to the development of the Adugodi park, said the company on Monday.

At around 12.40 PM, Infosys was trading at Rs1,569.90 per piece, down by 1.44% from its previous closing of Rs1,592.90 on the BSE. The scrip touched intraday high and low of Rs1,589.50 and Rs1,568.40 respectively.

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