Infosys Buyback Priced At Rs 1,150 Per Share

New Delhi:  Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer.

"The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs 1,150 per share for an amount not exceeding Rs 13,000 crore," said the IT major in a regulatory filing on the BSE.

Read more: Infosys’ Stocks Plunge 10% As Vishal Sikka Resigns, Erodes Over Rs 22k Carore

The offer size is 20.51 per cent of the total paid-up capital and free reserves, aggregating up to 11.3 crore shares or 4.92 per cent of the equity shares.

 

 

 

 

 

 For latest news on dailyaddaa, like us on Facebook and follow us on Twitter.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *