Infosys board approves record Rs 18,000 crore share buyback program
New Delhi: IT services giant Infosys on Thursday said its board has approved the company’s largest-ever share buyback programme worth Rs 18,000 crore.
Infosys will buy 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share, which reflects a premium of around 19 per cent over Thursday’s closing price of Rs 1,509.5 apiece on BSE.
