Infosys launches ₹18,000 crore share buyback program
after close1 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 program, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. The buyback opens on 20 Nov 2023 and concludes on 26 Nov 2023. The reserved category ratio is set at 2:11, while the general category is 17:706.
This move signals confidence in the company's financial health and may enhance shareholder value.
Not investment advice. For informational purposes only.