Mumbai/IBNS, Nov. 7 -- India's second-largest IT company Infosys on Thursday announced the record date for its upcoming equity share buyback of Rs. 18,000 crore, media reports said.

The company has booked November 14 as the record date.

This is the company's second biggest buyback in its history. It was approved by the Infosys board on September 11.

Earlier in 2022, the company had conducted a buyback worth Rs. 9,300 crore.

The record date is the cut-off date set by a company to determine which shareholders are eligible to participate in a corporate action

Only investors who hold Infosys shares in their demat account as of this date will be eligible to tender (sell) their shares in the buyback.

The buyback offer is open to all share...