Infosys board clears largest share buybackof Rs 18,000 crore
The Infosys board has approved a share buyback of up to Rs 18,000 crore, its largest ever and first in three years, the IT major said in an exchange filing late Thursday. The repurchase will be conducted through the tender offer route with the company buying back up to 100 million fully paid-up equity shares of face value 5 each, representing 2.41% of the existing paid-up share capital.
