Infosys launches ₹18,000 crore share buyback programme
after close1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- each
- ₹1,800
- totaling
- ₹18,000 crore
- and closes
- 20 Nov 2023
- and closes
- 26 Nov 2023
Infosys has initiated its largest buyback to date, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. The buyback opens on 20 Nov 2023 and closes on 26 Nov 2023. The reserved category ratio is 2:11, while the general category ratio stands at 17:706. This move may enhance shareholder value and support stock performance.
Not investment advice. For informational purposes only.