Infosys Approves Rs. 9,200 crore buyback at Rs. 1750 per share.
Infosys board of directors approved a share buyback aggregating up to Rs.9,200 crore.
This will amount to less than 15 per cent of the aggregate of the total paid up share capital and free services of the company as per the latest financial statements on march 31 , 2021, the company said in an exchange filing.
the company has set a maximum buyback price of Rs.1750 per equity share.
infosys conducted two buy back programme in past years.
first buyback in 2017,the company conducted its first buy back of shares returning Rs.13,000 crore to investors at Rs. 1,150 per share.
2nd buy back,infpsys conducted second buyback in 2019, at Rs.800 per share.
Infosys also decided dividend Rs. 15 per share
Infosys share Buy Back Details 2021
| Infosys Buy Back Type | Open Type |
|---|---|
| Infosys Buy Back record Date | 2021 |
| Infosys Buy Back Offer Amount | Rs.9,200 Crore |
| Infosys Buy Back Price per share | Rs.1750 per share |
| Buyback number of equity shares | 52,571,428 equity share |
Infosys buyback important dates
In this section we covered the infosys buyback important dates.the most imporatnt dates in buyback is Infosys buyback announced date and Open and closing Dates.
| Board meeting for Infosys buyback | 14/4/2021 |
|---|---|
| Infosys buyback approval dates | 14/4/2021 |
| Public announcement of Infosys Buyback | 2021 |
| Infosys buyback Open date | 2021 |
| Infosys buyback close date | 2021 |
Infosys Share Holding Pattern as on March 2021
| Holders Name | Share Holding % |
|---|---|
| Promoters | 12.95% |
| FII | 32.67 % |
| DII | 23.10 % |
| Public | 30.92 % |
| Others | 0.36 % |
How to Apply Infosys Buyback From Zerodha
Here is the complete method to apply infosys Buyback –Console > Portfolio >Corporate action orders
- seen which buyback you want to apply click on this stock and place order
- after submit order not sell stock until record date . if sale before closing or offer of the date you will not consider.
»Infosys Company«
About Infosys Company
Infosys is a leading provider of consulting,technology,outsourcing and next-generation digital services,enabling clients to execute strategies for their digital transformation.infosys strategic objective is to build a sustainable organization that remains relevant to the agenda of clients, while creating growth opportunities for employees and generating profitable returns for investors.
Infosys strategy is to be a navigator for our clients as they ideate,plan and execute on their journey to a digital future.
Infosys tickertape Pro Forcast Rating Details
Infosys forcast rating expected price in April 2022,
Current Price Rs.1351.10 >>High Price-Rs.2160.75 >>Median Price Rs.1612.42 >>Low Price Rs.1007.13
Current Revenue Rs.1.03 in Lakh Value >>High Revenue-Rs.1.38 >>MedianRevenue Rs.1.35 >>Low Revenue Rs.1.31
Current Earning Rs.45.61 >>High Earning -Rs.70.35 >>Median Earning Rs.63.14 >>Low Earning Rs.59.86
Infosys Details From Tickertape
Infosys Dividend History
| Past Dividend | Div per Share | Ex. Date |
| Cash Dividend | 15 | May 31,2021 |
| Cash Dividend | 12 | Oct 23,2020 |
| Cash Dividend | 9.50 | May 29,2020 |
| Cash Dividend | 8 | oct 23,2019 |
| Cash Dividend | 10.50 | Jun 13 2019 |
| Cash Dividend | 4 | Jan 24,2019 |
| Cash Dividend | 7 | Oct 25,2018 |
| Cash Dividend | 20.50 | Jun 14,2018 |
| Cash Dividend | 10 | Jun 14,2018 |
| Cash Dividend | 13 | Oct 31,2017 |
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