Infosys launches ₹18,000 crore share buyback program
pre-market1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- each
- ₹1,800
- totaling
- ₹18,000 crore
- and concludes
- 20 Nov 2023
- and concludes
- 26 Nov 2023
Infosys has initiated its largest share buyback program 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 capital. The buyback ratios are set at 2:11 for reserved and 17:706 for the general category.
This move may enhance shareholder value and reflects the company's strong cash position, likely boosting market sentiment.
Not investment advice. For informational purposes only.