Infosys Shares Jump 4% as Promoters Skip ₹18,000 Crore Buyback

Infosys shares surged 4.34% to ₹1,536 (at the time of posting) on October 23 after promoters, including Nandan Nilekani and Sudha Murty, decided not to participate in the company’s ₹18,000 crore buyback. The move signals confidence in future growth and boosts retail investor entitlement. The buyback, priced at ₹1,800 per share, covers 2.41% of total equity.