Explore Now NEW DELHI: Infosys will consider a buyback plan at its meeting on Wednesday, alongside its March quarter earnings. Nomura India said it was expecting the company to consider an open market buyback, similar to the one done in 2019. Infosys had a net worth of $9.6 billion and net cash of $4.6 billion as of December quarter, and therefore can buy back a maximum of $2.4 billion, based on 25 per cent of its net worth, without shareholder’s approval. "We expect Infosys to announce a buyback in the range of $1.3-$1.9 billion at a maximum price of Rs 1,650, equivalent to 1.5-2 per cent of the outstanding equity. We reiterate Infosys as our top pick in the Tier-1 IT space with a target price of Rs 1,620," the brokerage said.