Infosys share price gained over 2% in early trade on Friday after the IT major announced a massive ₹18,000 crore share buyback. Infosys shares rallied as much as 2.32% to ₹1,544.65 apiece on the BSE.
The Board of Directors of Infosys, at their meeting held on September 11, considered and approved a proposal to buyback equity shares for an amount of ₹18,000 crore, payable in cash.
Infosys share buyback will comprise of a purchase of 10 crore fully paid-up equity shares, representing up to 2.41% of the total paid-up equity share capital of the company, at an amount of ₹1,800 per equity share.
Infosys buyback amount is at a premium of about 19% to its Thursday’s closing price of ₹1,509.50 apiece on the BSE.
“The Buyback Size does not exceed 25% of the aggregate of the paid-up capital and free reserves, based on the latest audited interim condensed standalone and consolidated financial statements of the Company as on June 30, 2025,” Infosys said in a regulatory filing on September 11.
However, Infosys buyback record date has not been announced yet.
At 9:20 AM, Infosys share price was trading 1.49% higher at ₹1,532.00 apiece on the BSE.
