Shares of information technology major Infosys rallied as much as 3% to their day’s high of Rs 1,531 in morning deals on Wednesday, November 19, after it said it will open its Rs 18,000 crore share buyback on Thursday, November 20, with the window scheduled to close on Wednesday, November 26.Shareholders cleared the proposal on November 6, paving the way for the company to repurchase up to ten crore fully paid-up equity shares. The buyback will be executed at Rs 1,800 per share and is open to investors who held Infosys stock as of the record date, November 14.The repurchase will be carried out through the tender offer route on a proportionate basis. Kotak Mahindra Capital Company is managing the buyback process, while KFin Technologies Limited will act as the registrar. For small sharehold
Infosys shares gain 3% as firm launches Rs 18,000 crore buyback on November 20
The Economy Times2 hrs ago
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