Infosys Limited has informed the Exchange regarding Allotment of 895814 Shares.
INFY · price
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Infosys Limited has allotted 895,814 equity shares of ₹5 face value each pursuant to the exercise of Restricted Stock Units (RSUs) by eligible employees. Of these, 88,115 shares were allotted under the 2015 Incentive Compensation Plan and 8,07,699 shares under the Infosys Expanded Stock Ownership Program 2019. The company's share capital now stands at ₹20,28,62,79,525 divided into 4,05,72,55,905 equity shares. This is a routine corporate action related to employee stock compensation.
This is a standard employee compensation event with minimal impact on stock price. It increases the share count marginally due to RSU vesting but is a routine and expected corporate action.