Infosys approves fifth buyback worth Rs18,000 crore, its largest
Infosys Ltd said it will spend ₹18,000 crore to repurchase shares from the market, marking the biggest buyback yet by India’s second-largest IT services company.
The company will buy back 100 million shares at ₹1,800 each, 19.2% above their Thursday closing of ₹1509.50. Earlier, Infosys spent ₹13,000 crore in its first buyback in 2017, followed by ₹8260 crore in 2019, ₹9200 crore in 2021 and ₹9300 crore in 2022.
