India’s major IT behemoth Infosys has approved a special dividend of Rs 4 per share, and also announced buyback under open market route of Rs 8,260 crore at a maximum price of Rs 800 per share. Infosys has reported Q3 results below street estimates as net profit came in 12% down at Rs 3,609 crore, in the Oct-Dec quarter. Notably, the IT major is the second firm to report quarterly results in this quarter from the information technology pack, after India’s largest IT firm TCS reported Q3 results yesterday. The net profit implies a minor miss as compared to CNBC Tv18 poll of Rs 4,115 crore. The total revenues came in 20.3% higher at Rs 21,400 crore. The firm has also approved a special dividend of Rs 4 per share. The firm also announced a buyback under open market route of Rs 8,260 crore at a Maximum price of Rs 800 per share.