Moneycontrol
Get App
you are here: HomeNewsBusiness
Last Updated : Aug 27, 2019 09:37 AM IST | Source: PTI

Infosys closes Rs 8,260 crore buyback offer, takes back 11.05 crore shares

In January, Infosys had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore at a price not exceeding Rs 800 per equity share.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

IT major Infosys has bought back 11.05 crore of its shares under its Rs 8,260-crore buyback offer that began in March this year. "...The company bought back 11,05,19,266 equity shares at an average price of Rs 747.38 per equity share; and deployed an amount of Rs 82,59,99,99,430.03 deploying 99.999999 percent of the maximum buyback size (excluding transaction costs)...till August 26," Infosys said in a regulatory filing on late Monday night.

Consequently, the buyback committee has approved the closure of the buyback with effect from August 26, 2019, prior to the expiry of six months from the commencement date, it added.

In January, Infosys had announced that it would buy back shares of the company for an amount aggregating up to Rs 8,260 crore (maximum buyback size) at a price not exceeding Rs 800 per equity share.

Close

The buyback commenced on March 20, 2019.

In a regulatory filing on August 16, Infosys had said it had extinguished 76.12 lakh fully paid-up equity shares bought back from July 30, 2019 to August 6, 2019.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Aug 27, 2019 09:35 am
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant