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New Delhi: Infosys, India’s second largest IT services provider company, has announced a buyback of Rs 18,000 crore through a tender route. It is the first time in three years that the IT giant is going ahead with the buy back and importantly it is biggest ever since listing.
The Bengaluru-based IT major will buyback about 10 crore shares, representing 2.41% of equity at Rs 1,800 apiece, which will be 19% premium over the current market price.
“The Board of Directors of the Company at their meeting held on September 11, 2025, has considered and approved a proposal to buyback equity shares for an amount of Rs 18,000 crore at a price of Rs 1,800/- per equity share, payable in cash, comprising of a purchase of 10,00,00,000 fully paid-up equity shares of the company of face value of Rs 5/- each (‘equity shares’) representing up to 2.41% of the total number of equity shares in the existing total paid-up equity share capital of the company (on a standalone basis), from the equity shareholders of the Company as on a record date to be announced later (‘Record Date’),” Infosys said in its statement.
The Buyback Size does not exceed 25 per cent of the aggregate of the paid-up capital and free reserves, based on the latest audited interim condensed standalone and consolidated financial statements of the company as on June 30, 2025.
The buyback offer has put Infosys shares in focus on September 12, 2025, Friday. It is expected that the offer will boost investors’ confidence. Infosys shareholders have been facing a tough time in the recent years as the stock has failed to jump.
In yet another big development which could boost investors’ sentiments is Infosys has been granted exemptive relief by the U.S. Securities and Exchange Commission dated September 11, 2025 for the Buyback.
“This has reference to our letter dated September 11, 2025, regarding the outcome of the meeting of the Board of Directors of Infosys Limited (Company) approving the proposal to buyback up to 10,00,00,000 fully paid-up equity shares of the Company of face value of Rs 5/- each for an amount aggregating up to Rs 18,000 crore in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (“Buyback Regulations”), the Companies Act, 2013 and the rules made thereunder (“Buyback”), subject to receipt of exemptive relief from the U.S. Securities and Exchange Commission ("SEC") on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and U.S. laws for tender offer buybacks,” Infosys stated
(Disclaimer: This article is only meant to provide information. TV9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold and crypto assets.)