Infosys to consider share buyback proposal on Thursday. Check details
Infosys, the country’s second-largest IT company, informed investors through an exchange filing post-market hours on Monday that its board of directors will meet on Thursday, September 11, to consider a proposal for the buyback of fully paid-up equity shares of the company.
The buyback proposal is being considered at a time when Infosys stock has struggled to gain momentum, having closed in the red in 5 of the last 7 months and lost 24% of its value. This trend reflects a broader decline across the tech sector, as investors continue to sell shares amid ongoing sector-specific challenges.
