Board of Infosys approves buyback of shares for an aggregate Rs 13000 cr

At meeting held on 19 August 2017

The Board of Infosys at its meeting held on 19 August 2017 has approved buyback of its fully paid equity shares of Rs 5 each for an amount not exceeding Rs 13000 crore. The Buyback offer size is 20.51% of the total paid up equity capital and free reserves of the Company.

The buyback offer will comprise a purchase of upto 113,043,478 equity shares aggregating up to 4.92% of the paid up capital of the Company at a price of Rs 1150 per equity share.

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