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Infosys gains on concluding APA with US Internal Revenue Service

10 Jan 2018 Evaluate

Infosys is currently trading at Rs. 1048.90, up by 7.60 points or 0.73% from its previous closing of Rs. 1041.30 on the BSE.

The scrip opened at Rs. 1049.90 and has touched a high and low of Rs. 1050.00 and Rs. 1045.00 respectively. So far 7,193 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1049.90 on 10-Jan-2018 and a 52 week low of Rs. 861.50 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1049.90 and Rs. 1006.25 respectively. The current market cap of the company is Rs. 2,28,779.00 crore.

The promoters holding in the company stood at 12.90%, while Institutions and Non-Institutions held 56.63% and 13.83% respectively.

Infosys has announced the successful conclusion of an Advance Pricing Agreement (APA) with the US Internal Revenue Service (IRS). The preliminary discussions with the IRS on the APA were initiated by the Company in 2015, followed by multiple rounds of discussions.

Under the APA, the company and the IRS have agreed on the methodology to allocate revenues and compute the taxable income of the company’s US operations. This agreement covers financial years from 2011 to 2021. The APA will enhance predictability of the company’s tax obligations in respect of its US operations.

Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.


Infosys Share Price

1311.95 -6.65 (-0.50%)
20-Apr-2026 16:59 View Price Chart
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