What will happen in Infosys buyback?

The buyback will be closing on the expiry of six months from the commencement date; or when the company completes the buyback by deploying the amount equivalent to the maximum buyback size; or at such an earlier date as may be determined by the Board.

What happens to shares after buyback?

A stock buyback, also known as a share repurchase, occurs when a company buys back its shares from the marketplace with its accumulated cash. The repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced.

What is the cut off date for Infosys buyback?

Infosys Share Price: Infosys’ buyback of shares started on June 25 and will end on December 24 (6 months from the date of the opening of the buyback)

When Infosys buy back will start?

As per the proposed timeline, the last date for the buyback would either be December 24, 2021 (six months from the date of the opening of the buyback) or when the company completes the buyback by deploying the amount equivalent to the maximum buyback size – whichever is earlier.

How much did Infosys buyback its shares in 2017?

In 2017, Infosys had its first share buyback where the company bought a total of Rs 13,000 crore worth of shares, at Rs. 1,150 per share. Infosys had its second buyback in 2019, where the company bought back Rs. 8,260 crore worth of shares at a price of Rs 747 per share.

What to expect from Infosys on April 14?

The Infosys board will meet on April 14 to go over and approve the audited consolidated financial results of the company and its subsidiaries for the quarter and year ending March 31, 2021. The board will also recommend a dividend for the financial year ending March 31 and make a decision on the buyback of shares.

What is Infosys’s capital allocation policy?

Infosys has a capital allocation policy to return 85\% of its free cash flow over a block of five years through a combination of dividends and buybacks. Nomura reiterated Infosys to be its top pick within the tier-1 IT space.

How can I apply for Infosys buyback through Zerodha?

Apply Infosys buyback from Zerodha 1 Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’ 2 Enter the number of shares you want to tender and click on ‘Submit’ 3 Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date.

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