Infosys, India's second-largest IT services company, announced on Monday that its board will review a proposal to buy back equity shares on September 11, according to PTI. Infosys added that the outcome of the board meeting will be communicated to stock exchanges after its conclusion on September 11.
In a statement to the BSE, the company announced, “The Board of Directors of Infosys Limited will consider a proposal for buyback of fully paid-up equity shares of the company at its meeting to be held on September 11, 2025, in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended.”
In 2022, the company headquartered in Bengaluru revealed a plan to buy back shares worth Rs 9,300 crore via the open market, with a cap of Rs 1,850 per share.
If given the green light, this would mark Infosys' fifth significant buyback in recent times. It is considered a move that favors shareholders, particularly if the company has shown strong performance and holds substantial cash reserves. The meeting scheduled for September 11 will provide details on the buyback's size, price, and approach.