Infosys Technologies Ltd has announced that the Board of Directors of the Company vide their resolution dated July 15, 2006 has transacted the allotment 27,68,43,176 equity shares of Rs 5/- each aggregating Rs 138,42,15,880/- issued by capitalization of general reserves and distributed as fully paid-up bonus shares in the ratio of 1 equity shares for every 1 equity share held to those shareholders whose name appear on the Register of Members / Register of Beneficiaries as on July 14, 2006.