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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.
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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.

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