Infosys’ Rs 9,200 cr share buyback to open on June 25
NEW DELHI: Infosys NSE 2.14 %’ up to Rs 9,200 crore buyback plan is scheduled to commence from June 25, wherein the IT major has proposed to buy back shares at a maximum price of Rs 1,750 apiece.
The Board approval for the buyback was granted on April 14, 2021, and the shareholders’ nod was received on June 19, 2021, at the company’s 40th annual general meeting.
The Bengaluru-based company has issued a public announcement on June 23 in various newspapers for the buyback of its equity shares from the open market through the stock exchange route, a regulatory filing said on Wednesday.