Infosys Buyback Sees Heavy Participation With Subscription Rising to 167.03%

Bengaluru, November 24: Infosys share buyback is witnessing heavy demand from investors. As of 4:00 PM on November 21, the share buyback saw bids rising to 16.70 crore shares, against 10 crore shares on offer. This marks a total subscription of 167.03% until Friday. The latest update will come at the same time today, and is expected to push the demand even further.

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 current share price of ₹1,572.20.

Shares Rise 1.76% to ₹1,572.20

As of 10:22 AM, Infosys’ share price was up by 1.76%, or 27.20 points and was trading at ₹1,572.20. Until now, the shares have traded within a range of ₹1,585 and ₹1,563.60. The traded volume stood at 38.74 lakh shares, with the company’s market capitalisation at ₹6,41,855 crore.

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