Infosys revises cap allocation policy to return 85% of free cash flows

BENGALURU: This will cheer investors. Infosys has revised its capital allocation policy to return 85% of the free cash flows beginning this fiscal, compared to the earlier policy of returning up to 70%. This it said would be done through a combination of semi-annual dividends, share buyback and special dividend.
CEO Salil Parekh said the company still has 15% to buy things. “And we have $3.5 billion on our balance sheet if we want to buy something. We can raise any amount of debt if we want to,” he said.
The company is on track to complete its previously announced Rs 8,260 crore share buyback. It has till date bought back shares worth Rs 5,934 crore.