 "Infosys to consider share buyback proposal at board meeting on Sept 11")
Don't want to miss the best from Business Standard?
Infosys will consider a proposal to buy back its shares at a board meeting to be held later this week.
“The board of directors will consider a proposal for buyback of fully paid-up equity shares at its meeting to be held on September 11, in accordance with SEBI regulations,” the company said in a filing with the BSE.
The buyback plan comes at a time when the IT sector has underperformed due to weak investor sentiment, driven by a tepid macroeconomic environment and tariff uncertainties.
Infosys’ last share buyback was in 2022, worth Rs 9,300 crore at Rs 1,850 per share. The company’s shares closed at Rs 1,432 on the BSE on Monday.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%