Monday, April 12, 2021

Infosys Buyback 2021 Record Date, Buyback Price & Details

Infosys Limited (NSE: Infosys, BSE: INFY) buyback 2021 announced on 12 April 2021 and the stock hit the high on the indices even the market fall. The board to consider buyback on 14 April 2021. 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 with more than 2 lakh employees. They have market capitalization around US$ 44.4 billion. Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. 

With nearly four decades of experience in managing the systems and workings of global enterprises, they expertly steer our clients through their digital journey. They do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. They also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Their always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from their innovation ecosystem.

Infosys Buyback 2019: Infosys made a buyback of 10.32 crore equity shares in January 2019 for Rs 8260 crore at Rs 800 per share.

 
Infosys Buyback 2021 Details:
In continuation to our letter dated March 15, 2021, with regard to notice of the meeting of the Board of Directors (“Board”) of Infosys Limited (“Company”), we would like to inform you that pursuant to Regulation 29(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”), the Board of the Company will consider a proposal for buyback of fully paid-up equity shares of the Company at its meeting to be held on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018. 

"We've declared Rs 6,400 crore of dividend and Rs 9,200 crore in the buyback. Our cumulative payout for FY21 and FY20, which are the first two years of the capital allocation policy, we would have paid out 83 per cent of the 85 per cent. So in that sense, I think this is completely in line with our policy and that's what the board also considered when deciding the amount of buyback," Infosys Chief Financial Officer Nilanjan Roy told reporters.



Infosys Buyback 2021 Offer Details:

 Buyback Record Date:
  2021
 Board Meeting Approval:   14 April 2021
 Public Announcement:   14 April 2021
 Buyback Offer:   ₹9200 Crores
 Buyback Offer Size:   14.85%
 Number of Shares:
  - Shares
 Share Face Value:
  ₹5 per share
 Buyback Price:   ₹1750 per Share
 Buyback Type:   Open Market
Infosys buyback of - crore equity shares which is around 14.85% of all the existing number of equity shares at a price of ₹1750 per equity share. The buyback offer not exceeding of ₹9200 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 - 2021. Investors can participate in the Infosys Buyback 2021 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

Infosys Buyback 2021 FAQs:


When is Infosys Buyback Record Date?
Infosys buyback 2021 record date is - 2021.

When is Infosys Buyback announcement Date?
NTPC buyback 2021 announcement date is 14 April 2021.

What is Infosys Buyback Price?
The company has fixed the price at ₹1750 per share.

How to apply for Infosys Buyback 2021?
As per the record date you need to have Infosys shares in your demat account. You can participate in buyback after having the stock in your account.

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