InvestorQ : Can you tell me about the Infosys buyback offer?
vidhya Laxmi made post

Can you tell me about the Infosys buyback offer?

Answer
image
sarah Leo answered.
8 months ago
Follow

Infosys is expected to consider a buyback offer to equity shareholders during its board meeting on 13 and 14 April. The board meet will culminate with the announcement of quarterly results for Q4 as well as the annual numbers for fiscal year 2020-21. The buyback details are awaited but it is expected to be around Rs.12,000 crore.

IT sector is expected to post very strong earnings in Q4 and hence it is very likely that IT companies would look to distribute some of their higher earnings. Tier-I IT companies or the Big-4 IT names are expected to grow 2.2%-3.9% sequentially. This will be the third buyback announced by Infosys in the last 5 years.

5 Views