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Evolution of Capital Allocation Policy 30% of NP 40% of NP 50% of NP 70% of FCF Prior to FY14 Apr-14 Apr-15 Apr-17 1 Free Cash Flow = Net cash generated from operations - Capital expenditure 46 The current policy: To return up to 70% of free cash flow (FCF) 1 by way of dividend. and/or share buyback Infosys Navigate your next
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