Infosys Announces Record ₹18,000 Cr Buyback
Infosys has approved its largest ever share buyback of ₹18,000 crore, through the tender-offer route. The buyback price is set at ₹1,800 per share.
Shares And Equity Impact
The company plans to repurchase 10 crore fully paid-up shares, which represent 2.41% of Infosys’s paid-up equity share capital.
Share Premium And Market Reaction
The buyback price reflects roughly a 19% premium over Thursday’s closing price (around ₹1,509-₹1,512). After the announcement, the share price rose over 2% during early trade.
Regulatory Compliance
The buyback does not exceed the legal limit of 25% of the aggregate of paid-up capital and free reserves. The plan also received exemptive relief from the U.S. Securities and Exchange Commission due to tender-offer rules involving overseas shareholders. Shareholders’ approval via special resolution will be required.
