The highly anticipated share buyback program of IT major Infosys Ltd opened for subscription today, November 20, giving eligible shareholders an opportunity to tender their shares at a premium price.
The ₹18,000 crore buyback offer, which is the company’s biggest to date, will remain open for five trading days, closing on November 26, 2025.
Key Offer Details
- Buyback Price: ₹1,800 per share.
- Market Premium: The offer price represents a premium of nearly 17-20% over the recent trading price of the stock (hovering around ₹1,540-₹1,550).
- Route: Tender Offer (shareholders must officially tender shares via their brokers).
- Record Date: Shareholders who held Infosys shares in their demat accounts as of November 14, 2025, are eligible to participate.
Small Shareholder Entitlement
According to the Letter of Offer, the company has reserved 15% of the buyback size for small shareholders (those holding shares worth up to ₹2 lakh as of the record date).
- Entitlement Ratio: Market reports suggest a ratio of approximately 2 shares for every 11 shares held for small shareholders, though the final acceptance ratio will depend on the total number of shares tendered.
Promoter Participation
Unlike some previous buybacks, the promoter group—including N.R. Narayana Murthy, Nandan Nilekani, and family members—has opted not to participate in this buyback. This decision is expected to marginally increase the promoters’ voting rights in the company following the extinguishment of the bought-back shares.
Market Impact
Infosys shares were trading with a positive bias on the BSE and NSE today as the window opened. Analysts view the buyback as a positive indicator of the company’s cash flow health and its commitment to returning surplus capital to shareholders.
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