Infosys Announces Record ₹18,000 Crore Buyback via Tender Offer
India’s IT giant Infosys Ltd has approved its largest share buyback plan, amounting to ₹18,000 crore (≈ $2.04 billion) through a tender offer at ₹1,800 per share. This price offers around a 19% premium over the current market price.
This is the company’s fifth share repurchase in its history. Previous buybacks were smaller in scale.
Buyback Price Set at ₹1,800/Share; What It Means for Shareholders
After the announcement, Infosys’ stock in Mumbai fell about 1.5%, closing at around ₹1,509.70 per share. However, investors seem cautiously optimistic about the long-term effects.
This move signals the company’s confidence in its financial strength and future cash flows, especially given the current uncertainties in the tech sector.
