Infosys' Rs 13,000 cr buyback begins Nov 30; Nilekani, Murthy to take part

Offer, which closes on Dec 14, is for purchase of up to 113,043,478 shares, or 4.92% of paid-up capital, at Rs 1,150 per share

Infosys on Friday said share buyback would begin on November 30 and close on December 14. 

The IT services major has issued an offer letter for the buyback of shares. It said that the necessary forms along with the letter would be dispatched to the eligible shareholders whose names appeared on the record date of November 1. 

Infosys has set the last date of settlement of bids on the stock exchange on December 26. 

The last date to receive completed tender forms and other specified documents including physical share certificates by the registrar and transfer agent (RTA) is December