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Infosys Launches ₹18,000 Crore Buyback Starting November 20
IT services leader Infosys announced a share repurchase program worth ₹18,000 crore, opening on November 20 and closing on November 26. Under the tender offer route, the company will buy back up to 10 crore fully paid‑up equity shares of face value ₹5 each at ₹1,800 per share, representing approximately 2.41 % of its paid‑up capital. Promoters have opted out of this buyback.
The repayment will be funded through internal cash reserves and is seen by analysts as a strong signal of confidence in fundamentals and shareholder‑friendly capital allocation.
Companies:
- Infosys
Tags:
- stocks
- corporate action
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positive
Infosys Launches ₹18,000 Crore Buyback Starting November 20
IT services leader Infosys announced a share repurchase program worth ₹18,000 crore, opening on November 20 and closing on November 26. Under the tender offer route, the company will buy back up to 10 crore fully paid‑up equity shares of face value ₹5 each at ₹1,800 per share, representing approximately 2.41 % of its paid‑up capital. Promoters have opted out of this buyback.
The repayment will be funded through internal cash reserves and is seen by analysts as a strong signal of confidence in fundamentals and shareholder‑friendly capital allocation.
Companies:
- Infosys
Tags:
- stocks
- corporate action
Explore:Mutual Fund Categories
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Infosys Launches ₹18,000 Crore Buyback Starting November 20
1 min read
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Infosys is initiating a ₹18,000 crore buyback from November 20, repurchasing up to 10 crore shares at ₹1,800 each, indicating confidence in its capital position.
IT services leader Infosys announced a share repurchase program worth ₹18,000 crore, opening on November 20 and closing on November 26. Under the tender offer route, the company will buy back up to 10 crore fully paid‑up equity shares of face value ₹5 each at ₹1,800 per share, representing approximately 2.41 % of its paid‑up capital. Promoters have opted out of this buyback.
The repayment will be funded through internal cash reserves and is seen by analysts as a strong signal of confidence in fundamentals and shareholder‑friendly capital allocation.
IT services leader Infosys announced a share repurchase program worth ₹18,000 crore, opening on November 20 and closing on November 26. Under the tender offer route, the company will buy back up to 10 crore fully paid‑up equity shares of face value ₹5 each at ₹1,800 per share, representing approximately 2.41 % of its paid‑up capital. Promoters have opted out of this buyback.
The repayment will be funded through internal cash reserves and is seen by analysts as a strong signal of confidence in fundamentals and shareholder‑friendly capital allocation.
Companies:
- Infosys
Tags:
- stocks
- corporate action
- stocks
- corporate action
- India
- IT services