Infosys promoters offer shares worth Rs 2,038.94 crore for buyback

04 Sep 2017

Infosys promoters have offered to sell as many as 1.77 crore shares -- worth up to Rs 2,038 crore -- in the company’s Rs 13,000 crore buyback offer. The promoters group -- which includes most of the founders and their families -- have expressed their intention to be part of the company’s first buyback plan.

At a buyback price of Rs 1,150 per share, this could mean a windfall of Rs 2,038.94 crore for the promoter group, if all the shares tendered by them are accepted in the buyback offer. The founders and families -- classified as promoters group -- held 29.28 crore shares, or 12.75%, in Infosys at the end of June 2017.

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.



Related Infosys Ltd. Links:

Infosys Share Price

1130.15 -18.15 (-1.58%) Oct 22, 17:59
1 Year Price Chart
Peers
Company Name CMP
TCS 2670.80
Infosys 1130.15
HCL Tech. 867.10
Wipro 344.55
Tech Mahindra 838.10
View more..
Sensex vs Infosys
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback