Infosys launches ₹18,000 crore share buyback programme
pre-market1 source ↓written by the desknot a recommendation
- aiming to repurchase
- 10 crore shares
- each
- ₹1,800
- totaling
- ₹18,000 crore
- of the total
- 2.41%
Infosys has initiated its largest share buyback to date, aiming to repurchase 10 crore shares at ₹1,800 each, totaling ₹18,000 crore. The buyback period runs from 20 Nov to 26 Nov 2023. This move represents 2.41% of the total paid-up equity, with specific ratios set for reserved and general categories.
This buyback may enhance shareholder value and improve earnings per share, potentially impacting market sentiment positively.
Not investment advice. For informational purposes only.