Infosys to Open Largest-Ever Rs 18,000 Crore Share Buyback on Nov. 20

The tender offer forms part of Infosys’ plan to return roughly 85% of free cash flow to investors over five years.

Overview

Investors can tender shares from November 20 to November 26 at a fixed price of Rs 1,800 per share for up to 10 crore shares, representing as much as 2.41% of equity.
Eligibility was set by a November 14 record date, with 2,585,684 small shareholders defined as holding shares worth up to Rs 200,000 on that date.
At least 15% of the buyback is reserved for small shareholders, with entitlement ratios set at 2:11 for the reserved category and 17:706 for the general category.
Promoters, including Nandan M. Nilekani and Sudha Murty, will not participate, and promoter holdings stand at 13.05% of the company.
The programme follows prior buybacks in 2017, 2019 and 2022 and is framed as returning surplus cash after assessing medium-term strategic and operational needs.