Overview
- Infosys plans to repurchase up to 10 crore shares, representing about 2.41% of its paid-up equity capital.
- The buyback will be executed via a SEBI-regulated tender on NSE and BSE, with a five-working-day window once the offer opens.
- Fifteen percent of the offer is reserved for small shareholders under the tender-offer rules.
- The board approved the program on September 11, and the stated price reflects roughly a 19% premium to the prevailing market level cited in coverage.
- Under tax rules effective for buybacks after October 1, 2024, proceeds will be taxed to investors as deemed dividend rather than at the company level.