Page 2 - Infosys Buyback

Infosys founders will participate in Rs 13,000-crore share buyback

This comes after Nilekani became chairman to stem the crisis that emerged after Sikka's resignation

Infosys should've raised buyback size to boost investor confidence: Bala

According to him, the board could have been more forceful in setting price target

Infosys gains 3% as board to consider share buyback proposal on August 19

The stock was up 3% at Rs 1,010 on BSE in early morning trade.

Infosys buyback gets approval from Sebi

Sources say Sebi allowed fungibility for Infosys ADRs, GDRs so holders can tender shares in buyback

Infosys' $2-billion buyback tied in regulatory knots

High ADR shareholding forces IT major to obtain multiple clearances

Why is Infosys' buyback taking time?

Given the performance of stocks over the past few months and the mounting cash pile in their books, most information technology companies - Infosys, TCS, Wipro and HCL Technologies - have announced a buyback to reward shareholders over the past few months.The buyback in most cases was through the tender route, under which repurchases were executed using a fixed price tender offer. TCS board, for instance, approved and completed its proposal to buy back up to 56.14 million equity shares of the company for an aggregate amount not exceeding Rs 16,000 crore at Rs 2,850 per equity share. Besides TCS, HCL Technologies, too, has completed the buyback process.On a year-to-date basis, Infosys has lost over 3% at the bourses as compared with around 20% rally in the Nifty50 index, ACE Equity data show.Surprisingly, Infosys that announced a buyback ahead of its peer TCS, is yet to set the ball rolling. Despite more than three months since the company first indicated its intention, the contours ...