Infosys launches ₹18,000 crore share buyback programme
after close1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- each
- ₹1,800
- totaling
- ₹18,000 crore
- which opened
- 20 Nov 2023
- will conclude
- 26 Nov 2023
Infosys has initiated its largest share buyback programme to date, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. This buyback, which opened on 20 Nov 2023, will conclude on 26 Nov 2023. The buyback ratio is set at 2:11 for reserved categories and 17:706 for the general category.
This move is significant as it represents 2.41% of the company's total paid-up equity share capital, potentially enhancing shareholder value and improving earnings per share. 📈
Not investment advice. For informational purposes only.