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 per share
- and concludes
- 20 Nov 2023
- and concludes
- 26 Nov 2023
- of the company's
- 2.41%
Infosys has initiated its largest share buyback program to date, aiming to repurchase 10 crore shares at ₹1,800 per share. This buyback, which opened on 20 Nov 2023 and concludes on 26 Nov 2023, represents 2.41% of the company's total paid-up equity capital. The buyback ratios are set at 2:11 for reserved category and 17:706 for the general category.
This move is expected to enhance shareholder value and may positively impact market sentiment around Infosys shares. 💻
Not investment advice. For informational purposes only.