Infosys stock rises over 2% following record Rs 18,000 crore share buyback plan

CHENNAI: Shares of Indian IT major Infosys rose by more than 2 percent in early trading on Friday, September 12, driven by strong investor response to the company’s announcement of its largest-ever share buyback program. The stock reached Rs 1,544.65 on the Bombay Stock Exchange (BSE), up from the previous day’s close of Rs 1,509.50.

Infosys announced a buyback worth Rs 18,000 crore (approximately $2.04 billion), which is the biggest in its history.