Infosys founders opt out of major buyback offer
market hours1 source ↓written by the desknot a recommendation
- each
- ₹1,800
- on 31 Oct
- ₹1,482.30
- holding
- 13.05% equity
Infosys announced a buyback of up to 10 crore shares at ₹1,800 each, significantly above the market price of ₹1,482.30 on 31 Oct 2023. Notably, the founders, holding 13.05% equity, opted out, raising questions about the impact of the new tax regime. This decision may affect shareholder sentiment and participation in the buyback.
Not investment advice. For informational purposes only.