Infosys’ promoter and promoter group will be participating in the proposed buyback. Some of the members of the promoter and promoter group of Infosys have communicated their intention to participate in the proposed buyback of its equity shares.
Earlier, the company’s Board of Directors on August 19, 2017 had given approval to undertake a buyback of up to 113,043,478 equity shares of Rs 5- each aggregating up to 4.92% of fully paid-up equity share capital of the Company, at a price of Rs 1,150 per Equity Share of the Company, on a proportionate basis through a tender offer.
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.
