Infosys buyback gets 8x bids, nearly 83 crore shares tendered
BENGALURU: In the Infosys buyback offer that closed on Wednesday, nearly 82.6 crore shares were tendered, compared to the 10 crore shares the company proposed to buy back, data from the NSE and BSE showed.
The promoters of Infosys chose not to participate in the offer. The buyback, conducted through the tender offer route, is priced at Rs 1,800 per share and involves the purchase of 10 crore equity shares with a face value of Rs 5 each, representing about 2.4% of the company’s total paid-up equity capital.
