New Delhi, Sept. 11 -- India's second-largest IT company Infosys on Thursday announced its largest ever share buyback programme in history worth Rs.18,000 crore, the company said.

The Rs.18,000 crore Infosys buyback programme was announced after its board of directors approved the proposal during a meeting on the day.

In a filing with the stock exchanges on Thursday, Infosys said that it has fixed a price of Rs.1,800 per equity share payable in cash comprising of a purchase of 10,00,00,000 fully paid-up equity shares of the company of face value of Rs.5 each.

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