Infosys Sets November 14 Record Date for Rs 18,000 Crore Share Buyback

Overview

• The tender offer targets up to 10 crore shares, equal to about 2.41% of paid-up equity, at Rs 1,800 per share.
• Eligibility is based on holdings on the record date, with a five working day tender window to be announced.
• Fifteen percent of the offer is reserved for small shareholders under the buyback regulations.
• The promoter group, owning 14.30% as of September 30, will not participate in the repurchase.
• This is the company’s largest buyback to date, following a Rs 9,300 crore program in 2022.