Global head of utilities unit resigns

India’s second largest IT services firm Infosys said on Tuesday its board will consider a buy-back programme and payment of special dividend, among other proposals, at its meeting on January 11.

“...the board of the company will consider proposal(s), including but not limited to, buyback of fully paid-up equity shares of the company, payment of special dividend, for implementation of the capital allocation policy at its meeting to be held on January 11, 2019,” Infosys said in a BSE filing.

The outcome of the board meeting will be disseminated to the stock exchanges, it added.

Results on Jan.11

The Bengaluru-based company is also slated to announce its third quarter results on January 11.

Separately, Sudip Singh, the global head of the energy, utilities, resources and services unit of Infosys has quit the company after close to a two decade-long stint.

However, Infosys declined to comment on Mr. Singh’s exit. Mr. Singh was managing a portfolio of around $1.5 billion under his vertical. This comes after consulting global head Ken Toombs quit in October last year.