InvestorQ : What are the next steps in the Infosys buyback offer now?
sara Kunju made post

What are the next steps in the Infosys buyback offer now?

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Mary Joseph answered.
6 months ago
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It is now official that the Rs.9,200 crore buyback of Infosys shares by the company will commence from June 25. The buyback price has been pegged at Rs.1,750 per share. The board had approved this buyback on 14 Apr but the regulatory approval just came in on 19 Jun. Infy will buy back maximum of 5.257 crore shares comprising 1.23% of paid-up equity. With this buyback, Infosys will reach its annual capital returning target of Rs.15,600 crore.

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