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Infosys shareholders okay plan to raise authorised capital

Our Bureau

Bangalore, June 10

Shareholders of Infosys approved the company's plan to increase its authorised capital from Rs 150 crore to Rs 300 crore on Saturday. The hike was in view of the company's plans to issue 1:1 bonus share (one share for each share held).

The shareholders also approved the company bonus issue and the final dividend along with the Silver Jubilee dividend. They also approved the appointment of Mr David L. Boyles and Mr Jeffrey Lehman as additional directors .

Senator Larry Pressler, who has been on Infosys board for sometime now, did not seek a re-election as he would be completing his 65th year by March 2007.

The shareholders also approved the re-appointment of directors Mr Omkar Goswami, Mr Sridar A.Iyengar, Mr Srinath Batni and Ms Rama Bijapurkar.

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