Infosys approves Rs 18,000 crore share buyback

Bengaluru: The board of directors of Infosys, India’s second largest IT services firm, on Thursday approved a share buyback proposal worth Rs 18,000 crore at a price of Rs 1,800 per equity share payable in cash. The buyback amount is at a premium of about 19 per cent to its Thursday’s closing price of Rs 1,509.50 per share on the BSE.

The buyback comprises of a purchase of 100 million fully paid-up equity shares of the company of face value of Rs 5 each 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 as on a record date which will be announced later.

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 statement of the company as on June 30, 2025, Infosys said in a regulatory filing. The record date has not been announced yet by the company.

This is its fifth and largest share buyback programme. The previous share buyback programme was announced in 2022 and the company had bought back shares worth Rs 9,300 crore at a maximum price of Rs 1,850 per equity share.

The buyback is proposed to be made from all equity shareholders as on the record date by cancelling American Depositary Shares (ADSs) and withdrawing underlying equity shares on a proportionate basis through the tender offer route, in accordance with the provisions of the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013 and the rules made thereunder, the company said.

The buyback offer is subject to the approval of the shareholders by way of a special resolution through postal ballot by remote e-voting only and all other applicable statutory approvals in accordance with applicable law.

The shares of the company opened at Rs 1,544.65 per share on Friday and closed at Rs 1,525.55, showing a gain of 1.06% on the BSE. The shares had closed at Rs 1,509.50 per share on Thursday.