Infosys Share Buyback: Everything You Need To Know About It

Business Business

Posted by AI on 2025-09-13 07:39:56 | Last Updated by AI on 2025-09-13 10:17:06

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Infosys Ltd has given its shareholders a reason to rejoice as the company has announced a share buyback at a premium. But what does this mean for the shareholders? Here's everything you need to know about the Infosys share buyback.

The IT giant, Infosys, has announced that it will buy back its shares worth Rs. 9,300 crores ($1.2 billion) at a premium. This is big news for the company as it is the first instance of a buyback in Infosys' history. The buyback will be paid for with the company's cash reserves and will amount to approximately 3.29% of the total shares outstanding.

The buyback price has been set at Rs. 1,850 a share, which is a premium of nearly 11% to the closing price of Infosys shares on the BSE and NSE on February 14, 2023. The announcement of the buyback came ahead of the company's quarterly result announcement, which is expected to be released today as well.

Infosys had earlier made a stock-split announcement, where its equity shares would be divided into two parts, namely a basic and a bonus share. The record date for the split was February 25, 2023, but the ex-date, which is the date when the stock is adjusted for the split, is today, i.e., February 15, 2023.

The buyback will be taxed in the hands of investors as a dividend income under the head 'income from other sources' at the applicable income tax slab. The company has advised its shareholders to consult their tax advisors for more information on the tax treatment of the buyback.

The shareholders of the Infosys community seem to be delighted about the company's decision to announce the buyback, expressing their eagerness to participate in the buyback opportunity as the company's stock, post announcement, saw a surge of nearly 5%.

This exciting news is a testament to Infosys' strong position in the IT industry and its commitment to creating value for its shareholders. It would be interesting to see how this buyback affects the company's future ventures and performance.

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