Infosys shares climbed on Wednesday as investors reacted to the company’s announcement of its largest-ever share buyback, valued at Rs 18,000 crore. The programme is scheduled to open for subscription on Thursday, November 20.
On BSE, the stock rose 3.74% to close at Rs 1,541.25, gaining Rs 55. Earlier in the session, the IT giant had climbed to an intraday high of Rs 1,542.85, up 3.85%.
On the National Stock Exchange, the stock posted an identical 3.74% gain, closing at Rs 1,542. The rise in share price lifted Infosys’ market value by Rs 23,098.48 crore, taking it to Rs 6,40,297.11 crore.
Under the buyback, the company is looking to repurchase 10 crore fully paid-up equity shares with a face value of Rs 5 each. This accounts for as much as 2.41% of its total paid-up equity share capital. The buyback price has been fixed at Rs 1,800 per share.
Infosys, in a regulatory filing, said, “The eligible shareholders can tender their equity shares during the tendering period, i.e. from November 20, 2025, to November 26, 2025."
“The buyback is being undertaken by the company after taking into account the strategic and operational cash needs of the company in the medium term and for returning surplus funds to the shareholders in an effective and efficient manner in line with its capital allocation policy.”
The offer has been split into two groups: a reserved segment for small shareholders and a general category. The small shareholder portion will account for 15% of the shares on offer, or the full entitlement due to them, whichever works out to be higher.
A small shareholder is defined as one holding shares worth no more than Rs 2,00,000 on the record date. Infosys has 25,85,684 such shareholders.
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