Categories: BUSINESS

Infosys share buy back: IT giant announces its largest-ever Rs 18,000 crore share buyback; 19% premium for shareholders

Infosys declared an Rs 18,000 crore share buyback. The company will repurchase shares at Rs 1,800 apiece. This is a 19% premium over Thursday’s closing price. This buyback is the fifth by the Bengaluru-based firm. Analysts expect the move to strengthen financial metrics. The program will also help optimise capital structure. The buyback signals confidence in long-term cash flows.
Sumitra

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Sumitra
8 months ago

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