Beyond Infosys’ record date for share buyback: Strategy, scenarios & the road ahead for shareholders

With today marking the record date for Infosys’ Rs 18,000 crore share buyback, shareholders have now officially secured their eligibility for participation. However, with no action required on the record date itself, the focus now shifts to what lies ahead: the tendering strategy, potential acceptance ratios, and the returns that could follow over the coming months.

Infosys is conducting its buyback through the tender offer route, wherein investors will have the option to sell their shares back to the company at Rs 1,800 per share, nearly 19% premium over the pre-announcement market price of Rs 1,526 as of September 12 and a premium of nearly 17% over its Thursday’s closing price of Rs 1,542.35 on the BSE.