Live Breaking News & Updates on Infosys share buyback 2021

Stay informed with the latest breaking news from Infosys share buyback 2021 on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Infosys share buyback 2021 and stay connected to the pulse of your community

Infosys Buyback | Infosys likely to announce Rs 9,000-14,000 crore share buyback tomorrow

Updated Apr 13, 2021 | 13:11 IST
Infosys shares were trading 2.76% lower at Rs 1,387.80 apiece in the afternoon trade. This is on top of Monday's 1% correction in the stock.
Representational image
New Delhi: Infosys, India's second-biggest outsourcer, is likely to announce a share buyback in the range of $1.2 billion to $1.9 billion (Rs 9,000 crore to Rs 14,000 crore) tomorrow (Wednesday) when its board meets to take a decision on the proposal.
“The last two buybacks were through open market so they are likely to continue doing that. The size would be Rs 8,000 crore to Rs 10,000 crore, not more than that," the
Economic Times quoted Neerav Dalal, research analyst at Maybank Kim Eng Securities as saying.

India , New-delhi , Delhi , Neerav-dalal , Maybank-kim-eng , Infosys , Economic-times , Maybank-kim-eng-securities , Share-buyback , Infosys-share-buyback-news , Infosys-share-buyback , Infosys-share-buyback-price-2021

Infosys stock gains sharply in early trade. Here's why

WHAT IS A BUYBACK?
A buyback is an option for repurchasing free-float equity shares of a company by promoters. The company pays its shareholders a fixed value per share and takes back equity shares, which were distributed among public and private investors, as part of its ownership.
It may be noted that the buyback is beneficial for investors as the company pays a higher price for equity shares than the market value.
There are various reasons why companies opt for buybacks including plans to consolidate ownership, increasing key financial ratios and strengthening company finances.
Infosys has already announced two buybacks in the past and this will be the third one. In 2017, the company conducted its first buyback of shares, returning Rs 13,000 crore to investors at Rs 1,150 per share. Infosys conducted its second buyback in 2019 at Rs 800 per share.

India , Bombay , Maharashtra , Exchange-board-of-india , Infosys , Bombay-stock-exchange , Exchange-board , Why-sensex , Infosys-buyback , Infosys-buyback-2021 , Infosys-news