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 will close
- 20 Nov 2023
- will close
- 26 Nov 2023
Infosys has initiated its largest buyback yet, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. The buyback opens on 20 Nov 2023 and will close on 26 Nov 2023. The allocation ratio is 2:11 for reserved and 17:706 for the general category.
This move may enhance shareholder value and reflects confidence in the company's financial health. Traders should monitor market reactions closely as the buyback progresses.
Not investment advice. For informational purposes only.