New Delhi: The stock of Infosys climbed over 2 per cent on Friday morning trade after the IT services giant said its board has approved the largest-ever share buyback programme worth Rs 18,000 crore.
Shares of the company went up by 2.32 per cent to Rs 1,544.65 on the BSE.
At the NSE, the stock climbed 2.19 per cent to Rs 1,542.90.
Infosys will buy 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share, which reflects a premium of around 19 per cent over Thursday’s closing price of Rs 1,509.5 apiece on BSE.
“The Board of Directors of the company at their meeting held on September 11, 2025, has considered and approved a proposal to buyback equity shares for an amount of Rs 18,000 crore at a price of Rs 1,800 per equity share,” Infosys said in an exchange filing.
At the end of June 2025 quarter, the company had reported a free cash flow of USD 884 million (around Rs 7,805 crore).
With this, Infosys matches the biggest ever share buyback programme of IT major TCS announced in 2022. TCS had then bought back 4 crore equity shares at a price of Rs 4,500 per equity share for an aggregate consideration of Rs 18,000 crore.
Infosys will now seek shareholder’s approval for going ahead with the buyback programme.
-
New images of Charlie Kirk killing suspect released as manhunt enters second day
-
Baaghi 4: Tiger Shroff's Latest Film Struggles at the Box Office
-
Teacher Arrested for Public Humiliation of Estranged Wife and Her Companion in Odisha
-
Supreme Court Orders FIR Against Former CBI Officers, Reaffirms: No One Is Above The Law
-
Significance of Planting Trees During Pitru Paksha 2025
