Jun 14, 2018 01:14 PM IST | Business
Rs 10,000 invested in 1993 Infosys IPO is now worth Rs 4 crore
Founded by seven first-generation entrepreneurs in 1981, it made its debut on the stock market 25 years ago, in June 1993.
The IPO remained undersubscribed until investment bank Morgan Stanley bailed it out by buying 13% stake in the company.
The company has issued bonus shares to its shareholders six times so far and has never missed on paying dividends in last 25 years.
Published Date: Jun 14th, 2018 01:13 PM | Updated Date: Jun 14, 2018 01:14 PM IST