Buyback12 Sept 2025, 07:44 am
Infosys Ltd Approves Buyback of Up to 10,000 Crore INR
AI Summary
Infosys Ltd, a leading Indian IT company, has approved a buyback proposal of up to 10,000 Crore INR (approximately 1.34 Billion USD) in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. The buyback is subject to approval by shareholders through a special resolution and the receipt of exemptive relief from the U.S. Securities and Exchange Commission (SEC) on certain aspects of the tender offer procedures. The record date for the buyback will be determined in due course.
Key Highlights
- Infosys Ltd approved a buyback proposal of up to 10,000 Crore INR.
- The buyback is subject to approval by shareholders and receipt of exemptive relief from the SEC.
- The record date for the buyback will be determined in due course.
- The buyback is in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
- The buyback has not yet commenced as it is subject to approval by the Company’s shareholders.