Infosys sets November 14 as record date for Rs 18,000 crore share buyback

India’s second largest IT services company Infosys has fixed November 14 as the record date for its Rs 18,000 crore share buyback. The buyback proposal was approved by the shareholders with overwhelming majority of 98.81%.

This is the company’s second such proposal since 2022 and the biggest in its history. Its board had approved the proposal on September 11. Prior to this, Infosys had conducted a Rs 9,300 crore buyback in 2022.