Infosys has declared the biggest share of its history so far – ₹ 18,000 crores! This Buyback has come after about 3 years and is almost doubled with all the previous buybacks. Company will buy about 100 million Share back at a Premium of ₹ 1,800 per Share, which is 2.4% of the total equity – that is, a great opportunity for shareholders. Infosys has earlier done 4.9% equity in 2017 and another buyback in 2022. Now under the Capital Return Policy of 2024, the company will return its 85% Free Cash Flow to shareholders through dividends and buybacks in the next 5 years. The company has a cash amount of ₹ 45,200 crore and a net worth of ₹ 45,200 crore and ₹ 95,350 crore. According to the Market Value, Infosys is the second largest IT company in India, which has value ₹ 8 trillion. Promoter Families such as Murthy, Gopalakrishnan and Shibulal have 14–15% stake, while LIC has a strong institutional investment of 10.6%. No, but there is also a reliable sign of the strong future of the company.
Infosys’s largest Buyback of ₹ 18,000 crore – Golden opportunity for investors | Paisa Live | Infosys’ Biggest Buyback of ₹ 18,000 Crore – Golden Opportunity for Investors
