Infosys buyback oversubscribed 8.26x, shares gain
pre-market1 source ↓written by the desknot a recommendation
- saw bids
- 82.61 crore shares
- available
- 10 crore shares
- reflects strong investor
- 8.26x oversubscription
- Infosys shares rose
- 1.06%
- on the BSE
- ₹1,574.40
Infosys' recent buyback program, which ran from 20 to 26 Nov, saw bids for 82.61 crore shares, significantly surpassing the 10 crore shares available. This 8.26x oversubscription reflects strong investor confidence. Following the buyback's conclusion, Infosys shares rose 1.06% to ₹1,574.40 on the BSE, with a buyback price set at ₹1,800 per share, providing a 15.5% premium for shareholders.
Not investment advice. For informational purposes only.