Infosys launches ₹18,000 crore share buyback program
after close1 source ↓written by the desknot a recommendation
- plans to repurchase
- 10 crore shares
- ₹1,800 per share
- totaling
- ₹18,000 crore
- of the paid-up
- 2.41%
Infosys has initiated its largest buyback to date, opening on 20 Nov 2023 and set to conclude on 26 Nov 2023. The company plans to repurchase 10 crore shares at ₹1,800 per share, totaling ₹18,000 crore. This buyback represents 2.41% of the paid-up equity share capital, with specific ratios for reserved and general categories.
This move is expected to enhance shareholder value and may positively impact market sentiment around the stock.
Not investment advice. For informational purposes only.