Infosys launches ₹18,000 crore share buyback programme
after close1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- ₹1,800 each
- which opened
- 20 Nov 2023
- will conclude
- 26 Nov 2023
- of the total
- 2.41%
Infosys has initiated its largest share buyback to date, aiming to repurchase 10 crore shares at ₹1,800 each. This buyback, which opened on 20 Nov 2023, will conclude on 26 Nov 2023. The buyback represents 2.41% of the total paid-up equity capital, with specific ratios set for reserved and general categories.
This move may enhance shareholder value and signal confidence in future growth, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.