Infosys to consider share buyback proposal

India's software giant Infosys has said its board will consider a proposal, to buy back equity shares, at its meeting later this month.

The country's No. 2 software services exporter had said in April, it would return up to $2.03 billion to shareholders in the fiscal year ending March 2018, adding the manner of the payout will be decided by later by the board.

The company, which did not provide any details on the buyback, said the outcome of the board meeting will be announced after the meeting on August19.