Infosys promoters, including co-founder Nandan Nilekani and Sudha Murty, have opted out of the company's record Rs 18,000 crore share buyback. This decision was confirmed in a regulatory filing on Wednesday. The promoters collectively hold 13.05% of Infosys' equity as of the buyback announcement date.

The Infosys board approved the buyback on September 11, 2025, marking it as the largest in the company's history. The plan involves repurchasing 10 crore fully paid-up equity shares at a price of Rs 1,800 each, which represents 2.41% of the total paid-up share capital. The buyback price is set at a premium compared to the stock's recent trading price, which closed at Rs 1,472 per share on Wednesday, up 0.72% from the previous day.

The promoters, including Narayana Murthy's family—his wife Sudha Murty, daughter Akshata Murty, and son Rohan Murty—along with Nilekani and his family, have expressed their intention not to participate in this buyback through letters dated between September 14 and September 19, 2025.

Infosys stated that the buyback aligns with its capital allocation policy, which aims to return surplus funds to shareholders while addressing strategic and operational cash needs. The company plans to continue increasing its annual dividend per share, excluding special dividends, as part of its long-term strategy to enhance shareholder value by reducing the equity base.

This buyback is the fifth for Infosys since 2017, following previous buybacks of Rs 13,000 crore, Rs 8,260 crore, Rs 9,200 crore, and Rs 9,300 crore in recent years. The decision reflects Infosys' strong cash position and commitment to returning value to its shareholders.