Open Market Through Stock Exchange | ₹9,300.00 Crores | Listing at BSE, NSE | Wed, Dec 7, 2022 - Mon, Feb 13, 2023
Infosys Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹1850 per share with a face value of ₹5 per share, aggregating to ₹9,300.00 crores.
The buyback opens on Dec 7, 2022 and closes on Feb 13, 2023.
Kotak Mahindra Capital Co.Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Kotak Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Infosys Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Dec 7, 2022
Offer Closing Date
Mon, Feb 13, 2023
Buyback Price
₹1850 per share
Record Date
[.]
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 92768 | 93594 | 16639 | 65450 | 63328 |
| 31-Mar-21 | 108386 | 102673 | 19423 | 76351 | 74227 |
| 31-Mar-22 | 117885 | 123936 | 22146 | 75350 | 73252 |
| Amount in ₹ Crore | |||||
Established in 1981, Infosys is an NYSE-listed global consulting and IT services company with more than 335k employees. With four decades of experience, Infosys Limited is a global leader in consulting, technology, outsourcing, and next-generation digital services enabling clients in more than 50 countries to create and execute strategies for their digital transformation.
From a capital of USD 250, The company have grown to become a USD 16.97 billion (LTM FY23 revenues) company with a market capitalization of approximately USD 77.88 billion. The company has pioneered the Global Delivery Model and became the first IT Company from India to be listed on NASDAQ.
The company believes in constant improvement through building and transferring digital skills, expertise, and ideas from its innovative ecosystem. The company offers solutions across digital marketing, digital commerce, digital interactions, and digital workplace services.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 1,555.05 | 1,367.20 | 1,463.00 |
| Jul-2022 | 1,555.00 | 1,410.90 | 1,484.98 |
| Aug-2022 | 1,631.00 | 1,450.00 | 1,567.17 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2022 | 1,555.00 | 1,367.15 | 1,462.88 |
| Jul-2022 | 1,555.70 | 1,410.65 | 1,485.00 |
| Aug-2022 | 1,631.35 | 1,450.00 | 1,567.30 |
The Buyback is being undertaken for the following reasons:
i. The Buyback will help the Company to return surplus cash to its members, in line with the Capital Allocation Policy.
ii. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base in the long term, thereby leading to long-term increase in members' value
Infosys Ltd.
44/97 Infosys Avenue,
Electronic City, Hosur Road,
Bengaluru, Karnataka 560 100
Bengaluru, Karnataka, 560100
Lead Manager(s)
Registered Broker
The Infosys Buyback 2022 opens on December 7, 2022, and closes on February 13, 2023.
The Infosys Buyback 2022 is a Open Market Through Stock Exchange.
Infosys Buyback 2022 Schedule
| Buyback Opening Date | December 7, 2022 |
| Buyback Closing Date | February 13, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Infosys Buyback 2022 is being offered at Rs ₹1850 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Infosys Buyback 2022 has announced a buyback for an aggregate amount of not more than Rs. ₹9,300.00 Crores with pricing of Rs. ₹1850 per share.
The Buyback is being undertaken for the following reasons:
i. The Buyback will help the Company to return surplus cash to its members, in line with the Capital Allocation Policy.
ii. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base in the long term, thereby leading to long-term increase in members' value
Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.
The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.
The Infosys Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
