Infosys shares in focus as co announces its biggest Rs 18,000 crore share buyback at 19% premium
Shares of Infosys will be in the spotlight on Friday, a day after the company announced its biggest-ever share buyback worth Rs 18,000 crore. The buyback will be conducted through the tender offer route and is priced at Rs 1,800 per share, representing a 19% premium over Thursday’s closing price of Rs 1,512.
The Bengaluru-headquartered IT major plans to repurchase around 10 crore shares, amounting to 2.41% of its total equity. This marks the largest buyback undertaken by Infosys since its listing, signalling a significant step in returning value to shareholders.
