Infosys launches ₹18,000 crore share buyback programme
pre-market1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- ₹1,800 each
- totaling
- ₹18,000 crore
- and concludes
- 20 Nov 2023
- and concludes
- 26 Nov 2023
Infosys has initiated its largest share buyback to date, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. This buyback, which opened on 20 Nov 2023 and concludes on 26 Nov 2023, represents 2.41% of its paid-up equity capital. The reserved category ratio is set at 2:11 and 17:706 for the general category.
This move may enhance shareholder value and improve market sentiment around the stock.
Not investment advice. For informational purposes only.