Infosys to allocate up to 50 million shares to incentivise staff

New Delhi: India’s second largest IT firm Infosys on Thursday said it proposes to grant stock incentives worth Rs 10 crore to CEO Salil Parekh, as part of an new programme that aims to incentivise employees for performance.

The company’s board has approved an ‘Expanded Stock Ownership Program 2019’ that intends to allocate five crore shares to a broad base of employees.