Infosys buyback priced at Rs 1,150 per share
Saturday - August 19, 2017 11:56 am ,
Category : BUSINESS
Infosys buyback priced at Rs 1,150 per share
Bengaluru Aug 19 (IANS) Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1 150 per share via a tender offer.
"The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs 1 150 per share for an amount not exceeding Rs 13 000 crore " said the IT major in a regulatory filing on the BSE.
The offer size is 20.51 per cent of the total paid-up capital and free reserves aggregating up to 11.3 crore shares or 4.92 per cent of the equity shares.
--IANS
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