Infosys share buyback: Size, price, dates and other key things to know
IT giant Infosys launched its largest-ever share buyback on Friday, September 12. The move comes at a time when its shares remain in bear market territory, down 23% from their peak, even as they rallied 8% over the past four trading sessions in anticipation of this announcement.
Here’s everything you need to know about the company’s 5th buyback since listing.
Infosys’ Rs 18,000-crore offer will buy back up to 10 crore shares, or 2.41% of its paid-up capital, at Rs 1,800 per share — an 18.1% premium to Friday’s closing price of Rs 1,524.
The record date for eligibility is yet to be announced, giving investors time to position themselves. The company will buy back shares from all equity shareholders as on the record date,…
