India, Oct. 30 -- Recently, the software giant, Infosys, announced its largest buyback worth Rs 18,000 crore at a price of Rs 1,800 per share. With the stock price at just above Rs 1,500 on October 29, it entails a one-fifth gain for the shareholders, who will wish to sell their shares to the company. Notably, the promoters of the company declared that they would not participate in the buyback. At present, their shareholding stands at 14.3 per cent (or 13.05 per cent in terms of voting rights).

As an immediate reaction, the investors were thrilled by it, and the share price climbed by over Rs 80 between October 17, and October 23, before it dropped a bit. In the past six months, the share fluctuated between a high of nearly Rs 1,650 and ...