Infosys Buyback Enters Final Day with Subscription Already Above 500%

Bengaluru, November 26: Infosys share buyback has entered its last day of subscription and continues to garner significant demand from investors. As of 4:00 PM, on November 25, the total bids for the buyback have increased to 50.21 crore shares, against 10 crore shares on offer. This represents an oversubscription of 502.14% as of now.

Infosys Share Buyback: Key Details

Infosys will repurchase 10 crore fully paid-up equity shares of face value ₹5 each from eligible shareholders. The buyback will represent up to 2.41% of the company’s paid-up equity share capital. Infosys has priced its share buyback at ₹1,800, which is a premium over its closing share price of ₹1,530.60 yesterday.

Infosys Share Buyback: Latest Subscription Update

As of 4:00 PM yesterday, the total bids have reached 50,21,43,947 shares, with a subscription level of 502.14%. Qualified Institutional Buyers (QIBs) had bid for 24,60,90,647 shares, Non-Institutional Investors (NIIs) for 1,10,43,632 shares, and retail investors for 2,45,471 shares.

Shares Fall 1.14% At ₹1,530.60

At the market close yesterday, Infosys share price ended 1.14% or 17.40 points lower at ₹1,530.60. The shares made an intraday high of ₹1,550.60 and an intraday low of ₹1,525.90. The traded volume stood at 81.80 lakh shares, with the company’s market cap at ₹6,41,855 crore.

Investor Takeaway for Infosys

Infosys’ share buyback has entered its last day of subscription today. However, it is continuing to see high demand from institutional and retail investors. The subscription level of 502.14% shows that investors are actively subscribing to the buyback. The ₹1,800 per share buyback price also gives a good premium to the investors over the current price of the shares. Investors can make quick profits by selling the shares back to the company. With the last day of subscription, the share buyback is expected to close with significant oversubscription.

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