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INFY
buyback history
Infosys launched its first share buyback in 2017, valued at ₹13,000 crore. The tender offer was executed at a price of ₹1,150 per share, enabling Infosys to repurchase around 11.3 crore shares.
The company announced its second buyback in 2019 when it repurchased shares worth ₹8,260 crore.
Continuing its policy of returning surplus cash, Infosys announced another open market buyback in 2021. The size was pegged at ₹9,200 crore, with a maximum price of ₹1,750 per share. This came at a time when the IT sector was witnessing robust demand amid global digital transformation.
The last buyback was conducted by the company in 2022 when it bought back shares worth ₹9,300 crore at ₹1,850 per share.
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.#Miscellaneous
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