Infosys completes buyback of 5.58 crore shares for Rs 9,200 crore – Infosys completes buyback of 558 crore shares for Rs 9200 crore
According to a public notice, these shares have been repurchased at an average price of Rs 1,648.53 per equity share.
The company bought back a total of 5,58,07,337 equity shares for about Rs 9,200 crore. The highest price of the share for buyback was Rs 1,750 and the lowest price was Rs 1,538.10 per equity share.
The company has said that after this share purchase, the promoters’ stake in the company has increased from 12.95 per cent to 13.12 per cent.
The board of directors of Infosys approved the Rs 9,200-crore share buyback scheme, which started on June 25.
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