Infosys to consider share buyback on April 14

Software services giant Infosys said on Sunday it would consider a proposal to buy back of its shares at its forthcoming board meeting scheduled for April 14. The board will meet to approve and take on record the audited consolidated financial results of the company and its subsidiaries for the quarter and year ended March. Infosys completed its first buyback of Rs 13,000 crore in December 2017, comprising 11.3 crore equity shares at a price of Rs 1,150 per share. It also announced a buy-back in early 2019 for an amount of Rs 8,260 crore and bought back 11.05 crore share at an average price of Rs 747.38 per equity share.