Updated Apr 13, 2021 | 13:11 IST
Infosys shares were trading 2.76% lower at Rs 1,387.80 apiece in the afternoon trade. This is on top of Monday s 1% correction in the stock. Representational image
New Delhi: Infosys, India s second-biggest outsourcer, is likely to announce a share buyback in the range of $1.2 billion to $1.9 billion (Rs 9,000 crore to Rs 14,000 crore) tomorrow (Wednesday) when its board meets to take a decision on the proposal.
“The last two buybacks were through open market so they are likely to continue doing that. The size would be Rs 8,000 crore to Rs 10,000 crore, not more than that, the
Economic Times quoted Neerav Dalal, research analyst at Maybank Kim Eng Securities as saying.
Infosys to consider share buyback on April 14
Infosys is expected to hold board meetings on April 13 and 14 to approve and take on record financial results for quarter and fiscal ended March 31, 2021
BusinessToday.In | April 11, 2021 | Updated 17:42 IST
Infosys will release its financial results for FY21 on April 14
Indian IT major Infosys will consider a share buyback plan in its board meeting scheduled on April 14. The Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, the company said in a regulatory filing.