Promoters to participate in Rs 13,000-cr share buyback: Infosys

The company, however, did not give details on which promoters are keen to participate in the buyback

Infosys today said its promoters have expressed the intent to participate in the company's Rs 13,000-crore share buyback programme.

The intimation of promoters' participation in the proposed buyback comes after a prolonged acrimony between the founders and the Infosys management over alleged corporate governance lapses which led to an abrupt exit of CEO Vishal Sikka.

Co-founder Nandan Nilekani has returned to the company for a second innings, this time as non-executive Chairman in a Board-level shake-up that saw the exit of Chairman R Seshasayee along with two independent members.

"In terms of buyback regulations, under the tender offer route, the promoters have the