Thursday, January 10, 2019

Infosys Buyback 2019 Record Date, Buyback Price & Details

Infosys Limited is an Indian multinational company. The company provides business consulting, It and outsourcing services. The company has their headquarter in Bangaluru, India. Infosys is India's second largest IT company as per the revenues of 2017. The company has the capitablisation worth $44.32 billion as on 28th September 2018. The company posted revenue of Rs. US$10.93 billion in 2018 while Operating income US$2.66 billion and Net income around US$2.48 billion. There are over 2,00,000 employees working with the company as on 2017.

Infosys Buy Back 2019 Offer Details:

 Buyback Record Date:
 Board Meeting Approval:   11-Jan-2019
 Public Announcement:   11-Jan-2019
 Buyback Offer:   Rs.8260 Crore
 Buyback Offer Size:   14.54%
 Number of Shares:
  10.32 Crore
 Share Face Value:
 Buyback Price:   Rs.800
 Buyback Type:   Open Market

Infosys buyback of 10.32 crore equity shares which is around 14.54% of all the existing number of equity shares at a price of Rs.800 per equity share. The buyback offer not exceeding of Rs.8260 crore of total buyback offer size.

Infosys Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Infosys shares in their Demat account as record date 25-January-2019. Investors can participate in the Infosys Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Infosys buyback scheme.

Checkout Current Infosys Shares market price on NSE and BSE: Infosys Live Quote

Note: If anything you want to know about the buyback offer you can refer the Infosys buyback offer documents.