Infosys board approves ₹18,000 crore share buyback plan
Infosys's board of directors approved a proposal to buy back equity shares worth up to ₹18,000 crore. The buyback price is set at ₹1,800 per equity share, payable in cash. This initiative aims to repurchase 10 crore fully paid-up equity shares, representing up to 2.41% of the company’s total paid-up equity share capital on a standalone basis.
The buyback will proceed via a tender offer route, with a record date to be announced later. The total buyback size does not exceed 25% of the aggregate of the paid-up capital and free reserves, based on the company's latest audited interim financial statements as of June 30, 2025. The offer is subject to shareholder approval through a special resolution via postal ballot and other necessary statutory approvals.
A buyback committee has been formed, comprising the chief financial officer, chief legal officer & chief compliance officer, and the company secretary, to oversee the process. The company will also seek exemptive relief from the U.S. Securities and Exchange Commission (SEC) for certain tender offer procedures, given its securities are registered in the United States.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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