New Delhi, Nov. 24 -- Infosys shares have been on an uptrend after the announcement of a share buyback worth Rs.18,000 crore. The Indian IT major has declared the Infosys buyback price at Rs.1,800 apiece, which is around 15% higher than the current Infosys share price of Rs.1,575 per share. As the Infosys share buyback offer ends on November 26, 2025, a significant number of Infosys shareholders are expected to be attracted to this lucrative-looking tender offer. However, there is a twist to this offer, following the income tax rule change that took effect on 1 April 2024.

Speaking on the new income tax rule applicable to the buyback of shares, Mumbai-based tax and investment expert Balwant Jain said, "Before 1 April 2024, companies were...