Infosys to Buy Back $2 Billion of Stock After Share Price Slump
Indian software services giant Infosys Ltd. will buy back as much as 180 billion Indian rupees ($2 billion) worth of shares in an effort to return cash to investors amid a stock-price decline.
The company’s board approved a buyback of as many as 100 million shares at 1800 rupees apiece, it said in a public disclosure Thursday. That compares with a closing price of 1,509.70 rupees on Thursday.
