Infosys’ promoters won’t participate in ₹18,000 crore share buy back


Infosys will buy back 10 crore shares at an average price of ₹1,800 per share. This is the largest and the fifth buyback by the company in the last decade. File

Infosys will buy back 10 crore shares at an average price of ₹1,800 per share. This is the largest and the fifth buyback by the company in the last decade. File
| Photo Credit: PTI

Infosys’ promoters and promoter group would not participate in the ₹18,000 crore share buyback process, the tech firm said in a stock market filing on Wednesday.

“Since the promoters and the promoter group of the company have declared their intention to not participate in the Buyback, Equity Shares held by them have not been considered for the purposes of computing the entitlement ratio,’’ it said in the filing.

Promoters, promoter group and their family members together currently hold a total of 51,30,40,096 equity shares of the company. Of these, Sudha Gopalakrishnan, wife of one of the co-founders, Kris Gopalakrishnan, holds the largest number of shares at 9,53,57,000. Rohan Murty (son of N.R Narayana Murthy) holds 6,08,12,892 shares, Nandan Nilekani (another co-founder) holds 4,07.83,162 shares and Akshata Murty (daughter of Narayana Murthy) holds 3,89,57,096 shares.

Sudha Murty holds 3,45,50,626 shares, Rohini Nilekani 3,43,35, 092 shares and Narayana Murthy holds 1,5145,638 shares.

Infosys will buy back 10 crore shares at an average price of ₹1,800 per share. This is the largest and the fifth buyback by the company in the last decade.



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