The stock of Infosys, India’s No. 2 IT services provider, climbed over 2 per cent on Friday morning trade after the company said its board has approved the largest-ever share buyback programme worth ₹18,000 crore ($2.04 billion).
Shares of the company went up by 2.32 per cent to ₹1,544.65 on the BSE. At the NSE, the stock climbed 2.19 per cent to ₹1,542.90. Meanwhile, its US-listed shares were up 0.03 per cent at $16.99 after the announcement.
Infosys announced it will buy 10 crore fully paid-up equity shares of a face value of ₹5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at ₹1,800 per share, which reflects a premium of around 19 per cent over Thursday's closing price of ₹1,509.5 apiece on BSE.
"The Board of Directors of the company at their meeting held on September 11, 2025, has considered and approved a proposal to buyback equity shares for an amount of ₹18,000 crore at a price of ₹1,800 per equity share," Infosys said in an exchange filing.
Also Read: Infosys reports 8.7 pc rise in June quarter
The tech bellwether also said it had obtained exemptive relief from the US Securities and Exchange Commission (SEC) for its buyback, which the company had sought to address certain tender offer procedures that were in conflict with Indian regulations.
“The company has obtained the requested exemptive relief from the SEC. The letter will be publicly available on the SEC’s website once posted,” it said in its regulatory filing.
At the end of June 2025 quarter, the company had reported a free cash flow of USD 884 million (around ₹7,805 crore).
This is Infosys’ fifth buyback in the company’s history; the last repurchase having been carried out in 2022-2023.
The latest buyback programme matches the biggest ever share buyback announcement of IT major TCS (Tata Consultancy Services) that was announced in 2022. TCS had then bought back 4 crore equity shares at a price of ₹4,500 per equity share for an aggregate consideration of ₹18,000 crore.
Infosys will now seek shareholder's approval for going ahead with the buyback programme.
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