Infosys doubles MF investment to Rs 4,986 cr
15 Oct 2012 1:40 AM GMT
The country's most cash-rich IT firm Infosys has doubled its investments in liquid debt mutual funds to Rs 4,986 crore - the highest in nearly three years.
At the same time, Infosys' bank deposits remained almost stagnant at Rs 14,569 crore as on September 30, 2012, as compared to Rs 15,267 crore at the end of June, as per the company's latest quarterly financial accounts.
Infosys' investments in debt-focussed liquid mutual fund schemes rose sharply in the July-September 2012 quarter, from Rs 2,161 crore at the end of previous three-month period.
At the same time, Infosys' bank deposits remained almost stagnant at Rs 14,569 crore as on September 30, 2012, as compared to Rs 15,267 crore at the end of June, as per the company's latest quarterly financial accounts.
Infosys' investments in debt-focussed liquid mutual fund schemes rose sharply in the July-September 2012 quarter, from Rs 2,161 crore at the end of previous three-month period.
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