Explained: What Infosys’ mega Rs 18,000 crore share buyback means for 26 lakh shareholders
Infosys has announced its largest-ever share buyback, worth Rs 18,000 crore, at Rs 1,800 per share, a 19% premium to Thursday’s closing price. The move comes as the software giant’s shares remain in bear market territory, down 23% from their peak, though they’ve rallied 8% over the past four trading sessions in anticipation of this announcement.
