Infosys shares fall 3%, quotes ex-bonus

Moneycontrol Bureau

Shares of Infosys are trading ex-bonus on Tuesday. The share price is became half of previous closing price as it adjusted for bonus issue in the ratio of 1:1. The stock fell as much as 2.7 percent intraday.

The software services firm, on October 10, had announced a bonus issue of one equity share for every equity share held. It said the issuance of bonus shares is in order to increase the liquidity of its shares and to expand the retail shareholder base.

The company has fixed record date as December 3, 2014 for the purpose of allotment of bonus shares/stock dividend.

At 09:49 hours IST, the stock was quoting at Rs 2,142.80, down Rs 32.58, or 1.50 percent on the Bombay Stock Exchange.