Infosys launches ₹18,000 crore share buyback program
pre-market1 source ↓written by the desknot a recommendation
- and concluding
- 20 Nov 2023
- and concluding
- 26 Nov 2023
- plans to repurchase
- 10 crore shares
- ₹1,800 per share
- totaling
- ₹18,000 crore
Infosys has initiated its largest share buyback program to date, opening on 20 Nov 2023 and concluding on 26 Nov 2023. The company plans to repurchase 10 crore shares at ₹1,800 per share, totaling ₹18,000 crore. The buyback ratio is set at 2:11 for reserved shares and 17:706 for the general category.
This move is expected to enhance shareholder value and may positively influence market sentiment towards the stock. 📈
Not investment advice. For informational purposes only.