Infosys Limited has informed the Exchange regarding 'Infosys Foundation and GoSports Foundation Expand Athlete Sponsorship with Gear for Gold Initiative'.
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Infosys has informed the stock exchange that Infosys Foundation, along with GoSports Foundation, is expanding its athlete support programme called 'Gear for Gold'. The initiative aims to provide training, equipment, and financial backing to Indian athletes preparing for international competitions. The expansion will cover more athletes across additional sports disciplines. This is a corporate social responsibility (CSR) activity carried out by the Infosys Foundation and does not involve Infosys Limited's business operations directly.
No material impact on the company's financials, revenue, or business operations. This is a CSR/sponsorship initiative by the foundation arm and is unlikely to move the stock price.