Infosys offers 50 million shares to employees

Digital technology and consulting major Infosys on Wednesday introduced an expanded stock ownership programme, aimed at retaining and attracting top talent.

The company’s board of directors has approved the the Infosys Expanded Stock Ownership Program 2019 that links long-term employee incentives with shareholder value creation. It is also expected to broaden and deepen employee ownership of the company.

This programme proposes to allocate 50 million shares (or five crore shares) equating 1.15% of the company’s equity shares to a broad base of employees, which will vest on challenging performance criteria, said the company.