Overview

• Infosys will repurchase up to 10 crore shares, representing about 2.41% of equity, at a fixed price of Rs 1,800 per share, roughly a 19% premium to the pre-announcement close.
• The board cleared the tender-offer route and set up a buyback committee, with the record date to be announced after a special resolution by postal ballot.
• The U.S. SEC granted exemptive relief allowing participation by holders of American Depositary Shares, who can convert to equity before the record date.
• The programme will be funded from free reserves and aligns with Infosys’s policy to return about 85% of free cash flow over FY25–29, following prior buybacks in 2017, 2019, 2021 and 2022–23.
• Shares rose about 2% after the announcement as brokerages called the move supportive for the stock and suggested it could spur similar actions by peers such as TCS and Wipro, with execution expected to take roughly three to four months.