Infosys share price rallies over 2% after ₹18,000-crore buyback announcement

Infosys share price gained over 2% in early trade on Friday after the IT major announced a massive ₹18,000 crore share buyback. Infosys shares rallied as much as 2.32% to ₹1,544.65 apiece on the BSE.

The Board of Directors of Infosys, at their meeting held on September 11, considered and approved a proposal to buyback equity shares for an amount of ₹18,000 crore, payable in cash.