Infosys launches ₹18,000 crore share buyback program
pre-market1 source ↓written by the desknot a recommendation
- share buyback program
- ₹18,000 crore
- 20 Nov 2023
- plans to repurchase
- 10 crore shares
- each
- ₹1,800
- of its paid-up
- 2.41%
Infosys has opened its ₹18,000 crore share buyback program, the largest to date, on 20 Nov 2023. The company plans to repurchase 10 crore shares at ₹1,800 each, representing 2.41% of its paid-up capital. The buyback will conclude on 26 Nov 2023.
Key Points:
• Buyback ratio for reserved category: 2:11
• General category ratio: 17:706
• First buyback was in 2017, purchasing 11.3 crore shares for ₹1,150 each.
This move may enhance shareholder value and support stock performance.
Not investment advice. For informational purposes only.