Infosys completes buyback of 5.58 crore shares worth Rs 9,200 crore

IT services major Infosys on Monday said it has bought back over 5.58 crore equity shares as part of its about Rs 9,200 crore buyback offer.

The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, according to a public notice.

“The company bought back a total of 5,58,07,337 equity shares (1.31 per cent of the pre-buyback paid-up equity share capital of the company) and the total amount utilised towards the buyback is Rs 9199,99,99,599.80 (excluding transaction costs),” it said.

The highest price at which the equity shares were bought back was Rs 1,750, while the lowest price was Rs 1,538.10 per equity share.