Infosys launches ₹18,000 crore share buyback offer
after close1 source ↓written by the desknot a recommendation
- which opened
- 20 Nov 2023
- each
- ₹1,800
- holdings
- 14 Nov
Infosys has initiated its largest-ever ₹18,000 crore share buyback, which opened on 20 Nov 2023. Eligible investors can sell shares at ₹1,800 each, based on holdings as of 14 Nov. Analysts suggest this offer is particularly appealing for investors in lower tax brackets, potentially boosting retail participation.
• Promoters are not participating in this buyback.
• High-tax investors may opt for market sales instead.
Immediate market implications could see increased retail interest in Infosys shares.
Not investment advice. For informational purposes only.