Infosys announces biggest Buyback ever- Approves Rs 18,000 crore buyback at 19% premium to current price
It’s a mega Buyback from Infosys. The Infosys board has approved a proposal to buy back equity shares with Rs 18,000 crore —the biggest ever by the company. The buyback will be at a 19% premium on the current price.
The transaction will involve purchase of 10,00,00,000 fully paid-up equity shares at a price of Rs 1,800 each. The Infosys share price closed at Rs 1,512.20 on September 11. The Buyback price is therefore at a 19% premium.
