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Ujvin Nevatia

26th Nov · SEBI-Registered Analyst

Infosys Rs 18,000 crore share buyback: Last day to tender shares – Key insights and strategies

Today, November 26, 2025, is the final day for shareholders to tender shares in

INFY
's ₹18,000 crore share buyback, priced at ₹1,800 per share—about an 18% premium over recent trading levels near ₹1,526. This tender-offer buyback reserves 15% of shares for retail investors (holding up to ₹2 lakh) with the balance for general investors including institutions and HNIs.​ What investors need to know * Acceptance ratio is critical: Retail investors may see acceptance ratios from as low as 5% to around 11% depending on participation; general category investors may face just 2–3% acceptance due to larger share pools.​ * Returns range: Assuming post-buyback stabilization near current prices, retail returns may range 0.6–1.7% over 3–4 months, with upside to 8–9% if the stock re-rates to ₹1,650 on improved earnings.​ Strategy options: * Tender shares fully or partially based on risk appetite * Hold unaccepted shares for potential EPS accretion benefits * Sell unaccepted shares in the market depending on price action * Re-enter at lower prices if a correction follows buyback completion​ Important takeaways * Submit tender forms through brokers before market close to participate.​ * Final acceptance ratios and payouts will be communicated post-processing by SEBI and the registrar.​ * Infosys has a track record of capital returns through buybacks and dividends, reinforcing investor confidence.​ * Post-buyback, focus will shift to quarterly earnings, large deal wins, and margin trends amid macro challenges.​ This buyback offers a tactical opportunity aligned with long-term growth, but careful consideration of acceptance probabilities and post-buyback market dynamics is essential. Source: The Economic Times No Recommendations

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