Infosys’ board has approved a buyback of up to 10,00,00,000 equity shares at a price of ₹1,800 per share, totaling ₹18,000 crore. The buyback, representing 2.41% of the total paid-up equity capital, will be executed through a tender offer. This decision aligns with the company’s capital allocation policy and aims to return surplus cash to shareholders while enhancing long-term value.
Details of the Buyback Offer
Infosys has announced a buyback of its equity shares via tender offer, aiming to return surplus cash to shareholders. The key highlights of the buyback include:
- Maximum Buyback Size: Up to ₹18,000 crore
- Buyback Price: ₹1,800 per equity share
- Number of Shares: Up to 10,00,00,000 equity shares (approximately 2.41% of the total paid-up equity share capital)
- Route: Tender offer
The buyback is being conducted in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 and the Companies Act, 2013.
Rationale for the Buyback
The company is undertaking the buyback for the following reasons:
- To return surplus cash to members, in line with the stated Capital Allocation Policy.
- To improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base in the long term, thereby leading to long term increase in members’ value.
- To give an option to all the members of the Company as on the Record Date, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.
Financial Position and Cash Flow
As of June 30, 2025, Infosys had consolidated cash and investments of ₹45,204 crore. The company believes its strong financial position allows it to reward its members while retaining sufficient capital for business requirements.
Key Dates and Procedures
The record date for determining eligible shareholders is November 14, 2025. The tender period will commence from November 20, 2025 and remain open until November 26, 2025. Eligible shareholders will receive a Letter of Offer detailing the buyback process and their entitlement.
Promoter Participation
The promoter and promoter group have expressed their intention of not participating in the Buyback. Accordingly, the equity shares held by members of the Promoter and Promoter Group shall not be considered for computing the entitlement ratio.
Details for ADS Holders
Holders of American Depositary Shares (ADSs) are not eligible to directly tender ADSs in the buyback. They must cancel their ADSs and withdraw the underlying Equity Shares prior to the Record Date to participate.
Source: BSE
