Infosys approves share buyback of up to Rs 9,200 crore. Check details

Infosys has approved a share buyback of up to Rs 9,200 crore at a maximum price of Rs 1,750 per share. The move is likely to benefit investors. The company has also announced its results for the quarter ended March 2021. Here is all you need to know:

Information technology major Infosys has approved a share buyback of up to Rs 9,200 crore at a maximum price of Rs 1,750 per share — a premium of 25 per cent over Tuesday’s closing price. The approval confirms the third share buyback by the company in the last five years. In 2017, the company conducted its first buyback of shares, returning Rs 13,000 crore to investors at Rs 1,150 per share. Infosys conducted its second buyback in 2019 at Rs 800 per share.