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Forum: News and articles
Posted By: Sanjiv
Posted On: 4/17/2006 7:01:00 PM
Reply Count: 1
Last Update: 6/25/2009 5:48:18 AM
Last Replier: Rniks
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Posted on 4/17/2006 7:01:00 PM

B G Shirsat, Mumbai
Business Standard - April 17 2006

Can you believe that an Indian company, which just managed to get through subscription of its first initial public offering (IPO) thirteen years ago, has posted 2,00,000 percent returns?

Yes, Infosys Technologies, which came out with an IPO in February 1993 at a premium of Rs 95 for a face value of Rs 10 per share, has posted over two lakh percent returns.

In other words, an investment of Rs 10,500 in 100 shares made 13 years ago is now valued at almost Rs 2 crore by way of appreciation and dividends. The stock market returns aggregate Rs 1.93 crore, and dividends in the last 10 years total around Rs 6 lakh - making a total return of around Rs 1.99 crore.

The Rs 88 crore software company 10 years ago is a $2 billion entity today. It took Infosys 23 years to reach the first billion dollars in revenues, but the next billion dollars was achieved in 23 months.

The company has a stupendous track record of increasing shareholders wealth by way of bonus shares and distributing hefty dividends. After the IPO in February 1993, the company declared bonus in the ratio of 1:1 in 1994. In 1997 and 1999, too, the company gave bonus shares in the ration of 1:1 followed by stock split in the ratio of 1:1 in 2000.

Infosys came out with a liberal bonus issue in the ratio of 3:1 in 2004, and has proposed a bonus of 1:1 for 2006.

After giving moderate dividends till financial year 2001, Infosys began to propose liberal dividends. In FY2001, the company declared 200 percent dividend and stepped it up to 400 percent next year. It declared 540 percent dividend in 2003, and 2590 percent in 2004 including a special dividend of 2000 percent. For FY2006, the company has proposed a dividend of 900 percent.

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Posted on 6/25/2009 5:48:18 AM

Infosys co-chair Nilekani quits to join govt
Nandan Nilekani, co-chairman of Infosys Technologies Ltd, India's No. 2 outsourcer, has resigned from the company's board to join the government, the company said on Thursday.

Nilekani, one of the founders of Infosys, has been invited by Prime Minister Manmohan Singh to head government agency Unique Identification Authority of India in the rank of a cabinet minister, Infosys said in a statement.

Nilekani, a former chief executive of the company, was not involved in active management since becoming co-chairman in 2007.
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