Post by : Badri Ariffin

Infosys shares gained strong momentum on Thursday, climbing as much as 4% after the IT major announced key details about its largest-ever share buyback worth ₹18,000 crore.

In an exchange filing dated October 22, Infosys confirmed that the company’s promoters — including Nandan Nilekani, Sudha Murty, and others — will not be participating in the buyback. Their decision is being viewed as a sign of confidence in the company’s long-term growth prospects.

The Bengaluru-headquartered tech firm will repurchase 10 crore shares at ₹1,800 per share, offering a premium of around 22% compared to Wednesday’s closing price. The buyback is expected to enhance value for shareholders and improve the retail entitlement ratio since promoters are opting out.

Infosys has yet to announce the record date and other procedural details of the buyback. As per the company’s latest shareholding pattern, promoters hold a 14.3% stake as of the September quarter.

The update comes shortly after Infosys released its September quarter results, which slightly exceeded analyst expectations. However, the company’s modest revision of its full-year revenue guidance—from 1–3% to 2–3%—has tempered some optimism, hinting at a softer second half of FY25.

On Thursday, Infosys shares were trading 3.5% higher at ₹1,524.6 on the NSE. Despite today’s rally, the stock remains down around 22% so far this year, reflecting the broader cautious sentiment in the IT sector.

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