New Delhi, India : Infosys, one of India’s leading IT giants, has initiated a massive ₹18,000 crore share buyback program. The buyback price is set at ₹1,800 per share, and the window will remain open from November 20 to November 26. Retail investors are eligible to tender 17 shares for every 706 held, making it a significant opportunity for small shareholders.
The move is seen as a strategy to enhance shareholder value and optimize capital allocation. Market experts believe the buyback could boost investor sentiment and stabilize Infosys stock amid global tech sector volatility.
Other companies making headlines in the equity market today include GHCL, which also begins its buyback program, and Globus Spirits, whose board is meeting to discuss a preferential share issue. NTPC Green Energy and CG Power are in focus due to large-scale orders and regulatory updates.
