Showing posts from February 26, 2017

A mail from a share holder to the management of INFOSYS

 [Pan: xxxxxxxxxx] CDSL ClientID: xxxxxxxxxxxxxxxx  xxxxxx To,

Ranganath D. Mavinakere
Chief Financial Officer

Sandeep Mahindroo
Financial Controller and Head – Investor Relations

AGS Manikantha
Company Secretary

Dear Sir,  I am holding 100 shares of INFOSYS in the above demat account; so I am a shareholder of INFOSYS.

There are so many talks in the media, after the Rs.16000 Cr buyback announcement from TCS and there are so many circulating stories or reports of uncertain or doubtful truths, and speculations in the media that our company (INFOSYS LTD) is also going to announce a similar kind of buy back of around $2.50 Billion in value in April 2017.

When the book value is around Rs.300/- there is no meaning to buy back the shares at 4 to 5 times its value from the market. The very purpose of increasing the shareholders wealth will not be attained by doing this kind of buy back strategy. Being a pro-rata bas…