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Infosys approves Rs 8,260 crore buyback; Q3 net dips 30%

IT major Infosys on Friday reported a 29.6% fall in its net profit at Rs 3,610 crore for the third quarter ended December against a net profit of Rs 5,129 crore a year ago. Analysts had estimated a net profit of Rs 4,131 crore, according to Reuters. The Infosys board approved a share buyback of Rs 8,260 crore at a price of Rs 800 per share. The company also declared a special dividend of Rs 4 per equity share and fixed January 25, 2019 as record date for the special dividend and January 28, 2019 as the payment date.

Read More at Livemint News date : 11 Jan 2019, Friday

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