Infosys Ltd has unveiled plans for a share repurchase program worth ₹18,000 crore, making it the largest buyback in the company’s history. Under the scheme, Infosys will acquire 100 million shares at a price of ₹1,800 each, which is 19.2 percent higher than the previous closing price of ₹1,509.50.
The company has undertaken similar initiatives in the past, including buybacks of ₹13,000 crore in 2017, ₹8,260 crore in 2019, ₹9,200 crore in 2021, and ₹9,300 crore in 2022. This consistent approach highlights the IT major’s focus on rewarding shareholders through capital returns.
The latest move also places Infosys alongside Tata Consultancy Services, which announced an equally large ₹18,000 crore buyback in 2022. While TCS repurchased 1.08 percent of its equity in that round, Infosys aims to buy back as much as 2.41 percent of its shares. IT peers such as TCS, Wipro, and HCLTech have also made shareholder returns a priority, with TCS maintaining a policy of distributing 80 to 100 percent of its free cash flow and HCLTech targeting at least 75 percent of its net income.