The decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia.
The government has approved proposal of Infosys to set up an IT/ITeS special economic zone in Bengaluru in an area spread over 4 hectares, according to reports.
Report says that decision was taken by an inter-ministerial Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia.
The Board granted more time to as many as 20 developers to complete their projects, says report.
Infosys Ltd ended at Rs. 1192.45, up by Rs. 2.9 or 0.24% from its previous closing of Rs. 1189.55 on the BSE.
The scrip opened at Rs. 1191 and touched a high and low of Rs. 1199 and Rs. 1181.85 respectively. A total of 3682854(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 273899.17 crore.
The BSE group 'A' stock of face value Rs. 5 touched a 52 week high of Rs. 1267.9 on 18-Apr-2016 and a 52 week low of Rs. 932.55 on 10-Jul-2015. Last one week high and low of the scrip stood at Rs. 1224.4 and Rs. 1171.55 respectively.
The promoters holding in the company stood at 12.75 % while Institutions and Non-Institutions held 57.69 % and 29.07 % respectively.
The stock traded above its 50 DMA.
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