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Buyback Record Date | |
Buyback Open Date | December 7, 2022 |
Buyback Closing Date | February 13, 2023 |
Issue Size (Amount) | ₹9,300.00 Crores |
Buyback Price | ₹1850 per Share |
The Infosys Buyback 2022 price is set at Rs 1850 Per Share. The Infosys Buyback 2022 opens on December 7, 2022 and closes on February 13, 2023.
There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Infosys Buyback 2022 can participate in the buyback offer through their stockbroker.
The Public Announcement for Infosys Buyback 2022 can be download here.
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Buyback is being undertaken for the following reasons:
i. The Buyback will help the Company to return surplus cash to its members, in line with the Capital Allocation Policy.
ii. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base in the long term, thereby leading to long-term increase in members' value
The Infosys Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
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