Infosys would buy back 11.3 crore shares or 4.92% of equity capital at Rs 1,150 apiece. The company will be spending Rs 13,000 crore for the same. The company further said that the buyback represents premium of 17.73% and 17.92% on BSE and NSE, respectively, over the closing price of the stock as of August 16, 2017, the date of intimation to the exchanges of the board meet to consider the proposal of the buyback.
Infosys is a global leader in technology services and consulting. It enables clients in more than 50 countries to create and execute strategies for their digital transformation.
