Infosys share buyback begins: Should you participate in Rs 18,000 crore offer at 17% premium?
Infosys’ Rs 18,000 crore share buyback opens today, offering a notable 17% premium over current market levels, with the window set to close on Wednesday, November 26. The proposal, cleared by shareholders on November 6, allows the IT major to repurchase up to ten crore fully paid-up equity shares at a fixed price of Rs 1,800 each.
For many shareholders, the question now is whether they should tender their shares or sit tight. Market experts believe the buyback provides both an opportunity for near-term gains and a sense of stability for long-term investors evaluating the stock amid a soft demand environment for IT services.
