Infosys says ‘almost completed’ buyback programme

New Delhi: Infosys NSE -0.93 % on Monday said it has almost completed its buyback programme and its buyback committee will meet on September 8 to consider closure of the buyback programme. Infosys board has approved an up to Rs 9,200 crore buyback plan, which commenced from June 25. The IT major had proposed to buy back shares at a maximum price of Rs 1,750 apiece.

“The buyback committee of the company will, on September 8, 2021, consider proposals, including but not to limited to, the closure of the buyback, pursuant to the terms of the public announcement, in view of the fact that the company has utilised 99.99 per cent of the maximum buyback size (excluding transaction costs),” a regulatory filing said on Monday.