Infosys announces record date for Rs. 18,000 crore share buyback

Infosys on Thursday announced the record date for its upcoming equity share buyback. A share buyback is a corporate action where a company repurchases its own shares from the existing shareholders. Infosys board approved the buyback proposal worth Rs. 18,000 crore, the biggest in its history, on September 11. This is the company’s second such proposal since 2022, when the company conducted a Rs 9,300 crore buyback.