Description

Infosys Limited announces buyback of up to 10 crore equity shares at ₹1,800 per share through tender offer route for aggregate consideration of ₹18,000 crore.

Summary

Infosys Limited has issued a Letter of Offer dated November 18, 2025 for buyback of up to 10,00,00,000 (10 crore) fully paid-up equity shares of face value ₹5 each, representing 2.41% of the total paid-up equity share capital. The buyback will be conducted through the tender offer route at a price of ₹1,800 per equity share, for an aggregate consideration of up to ₹18,000 crore (Eighteen Thousand Crore). The offer is being made to all eligible shareholders as on the Record Date of November 14, 2025, on a proportionate basis subject to small shareholder reservation.

Key Points

  • Buyback Size: Up to 10 crore equity shares (2.41% of paid-up capital)
  • Buyback Price: ₹1,800 per equity share
  • Total Consideration: Up to ₹18,000 crore
  • Record Date: November 14, 2025
  • Method: Tender offer route with proportionate basis (subject to small shareholder reservation)
  • Face Value: ₹5 per equity share
  • Manager to Buyback: Kotak Mahindra Capital Company Limited
  • Registrar to Buyback: KFin Technologies Limited
  • Company Contact: A.G.S. Manikantha, Company Secretary (sharebuyback@infosys.com)

Regulatory Changes

No regulatory changes announced. This is a corporate action undertaken in compliance with existing regulations.

Compliance Requirements

  • The buyback is being undertaken in accordance with Article 14 of the Articles of Association of Infosys Limited
  • Complies with Sections 68, 69, and 70 of the Companies Act, 2013 and applicable rules
  • Conducted under SEBI (Buy Back of Securities) Regulations, 2018, as amended
  • Subject to LODR Regulations and SEBI Circulars
  • Requires approvals from SEBI, BSE, and NSE where equity shares are listed
  • Eligible shareholders as per depositories’ records on Record Date can participate

Important Dates

  • Record Date: November 14, 2025
  • Letter of Offer Date: November 18, 2025
  • Offer Opening Date: To be announced
  • Offer Closing Date: To be announced

Impact Assessment

Market Impact: High - This is one of the largest buyback programs in Indian corporate history at ₹18,000 crore, demonstrating Infosys’ strong cash position and commitment to shareholder returns. The buyback price of ₹1,800 per share will serve as a reference point for market valuation.

Shareholder Impact: High - Eligible shareholders on record date have opportunity to tender shares at predetermined price. The proportionate basis ensures fair allocation while small shareholder reservation provides additional benefit to retail investors.

Capital Structure Impact: The buyback of 2.41% of equity capital will result in reduction of share count, potentially improving earnings per share metrics and return on equity for remaining shareholders.

Liquidity Impact: Significant cash deployment of ₹18,000 crore, indicating strong balance sheet position and free cash flow generation capability of the company.

Impact Justification

Major buyback announcement of ₹18,000 crore by leading IT company Infosys affecting 2.41% of paid-up equity capital with significant impact on shareholders and market.