Overview
- November 14 is the record date, and under T+1 settlement only shares bought on or before November 13 qualify for participation.
- The tender offer targets up to 10 crore shares (about 2.41% of equity) at ₹1,800, with 15% reserved for small shareholders and a roughly 16–18% premium to recent prices.
- Promoters, including Nandan Nilekani and Sudha Murty, will not participate, increasing the share pool available to public investors.
- Infosys will send a Letter of Offer to eligible investors who will have five working days to tender; acceptances will be pro rata and announced after the window closes.
- Under post‑October 2024 rules, buyback proceeds are taxed to shareholders as income from other sources with 10% TDS for residents, while the investment value is treated as a capital loss that can offset other gains, as explained by Nithin Kamath.