New Delhi, Nov. 19 -- Infosys share price jumped over 3% on Wednesday ahead of the opening of the company's largest-ever share buyback programme. Infosys shares rallied as much as 3.84% to Rs.1,542.80 apiece on the BSE.
The IT services giant said its share buyback programme worth Rs.18,000 crore will open for subscription on Thursday, November 20, and will close on November 26. Infosys share buyback record date was November 14.
Here are key details of Infosys share buyback:
Infosys plans to repurchase 10 crore fully paid-up equity shares of a face value of Rs.5 each, representing up to 2.41% of the total paid-up equity share capital. Infosys buyback price is set at Rs.1,800 per share.
Infosys buyback is divided into two categories: re...
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