Infosys launches ₹18,000 crore buyback offer
pre-market1 source ↓written by the desknot a recommendation
- share buyback program
- ₹18,000 crore
- 20 Nov 2023
- to tender shares
- 26 Nov 2023
- each
- ₹1,800
- equity shares
- 10 crore
Infosys has opened its ₹18,000 crore share buyback program, the largest in its history, on 20 Nov 2023. Eligible investors have until 26 Nov 2023 to tender shares at a price of ₹1,800 each. The buyback aims to repurchase 10 crore equity shares, representing 2.41% of its total capital.
This move may enhance shareholder value and could influence near-term market sentiment. Investors should consider their eligibility based on the 14 Nov 2023 record date for shareholding.
Not investment advice. For informational purposes only.