Infosys launches Rs 18,000 crore tender buyback
Infosys launches Rs 18,000 crore tender buyback
Infosys announces an Rs 18,000 crore buyback via tender at Rs 1,800 per share, open Nov 20–26, with entitlements for small and other shareholders.
Infosys announced an Rs 18,000 crore share buyback that opens on Nov 20 and runs through Nov 26, via a tender offer at Rs 1,800 per share. The company plans to repurchase up to 10 crore fully paid-up equity shares, with a record date of Nov 14 to determine eligibility for the tender.
For small shareholders, the entitlement works out to 2 equity shares for every 11 held, while other eligible investors see 17 shares for every 706 held. The tender is conducted on a proportionate basis, and investors must tender through a broker registered with BSE or NSE. Traders may receive a Transaction Registration Slip confirming submission, and online brokers may deliver a digital acknowledgment instead.
Dematerialised shareholders need not submit separate documents, while those holding shares in physical form must send the tender form, the TRS and supporting documents to the registrar by 5 pm on Nov 26. Kotak Mahindra Capital Company is managing the buyback, with KFin Technologies Limited acting as registrar. This marks Infosys’s first tender-based buyback since 2017, as prior buybacks have been conducted through the open market. Shares rose up to 3% to about Rs 1,531 in early trade on Nov 19 after the announcement, reflecting investor enthusiasm around the capital-return move.
Market watchers view the tender buyback as a signal of the company’s confidence and a means to deploy surplus cash while supporting the stock, though the impact on long-term fundamentals will depend on broader IT demand and execution. Analysts note that the window will close on Nov 26, and investors should consider the entitlements and their own cost basis before participating.
Cover image source: Infosys' Rs 18,000 crore share buyback window to open on Nov 20. 5 things to know 🔗
