Sikka: '
NEW DELHI: Infosys Ltd has approved a 130 billion rupees (US$2bil) share repurchase to improve returns for stakeholders of the Indian software exporter a day after chief executive officer Vishal Sikka quit amid heightened tensions between the board and founders led by ex-chairman N.R. Narayana Murthy.
Asia’s No. 2 software services developer voted to buy back as many as 113 million shares at 1,150 rupees apiece at a meeting on Saturday in Bangalore, according to an exchange filing.
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