As per the filing, the promoters currently hold a 13.05% stake in Infosys. If the buyback is fully subscribed, their stake would increase to 13.37%, while public shareholding would reduce slightly from 86.95% to 86.63%. The company also noted that this shift could impact the voting rights of the promoters and their group.
The promoters’ group includes several cofounders and their relatives, such as Sudha Murty, Akshata Murty, Rohan Murty, Ekagrah Rohan Murty, Rohini Nilekani, Nihar Nilekani, and Janhavi Nilekani. The decision not to tender shares comes despite the buyback offer being priced at Rs 1,800 per share, a 19% premium over the prevailing market price on the day of the announcement.
Infosys’ board had approved the share buyback on September 11, 2025. The plan involves repurchasing 10 crore fully paid-up equity shares, representing up to 2.41% of the company’s total share capital. The buyback aligns with Infosys’ capital allocation policy aimed at returning surplus funds to shareholders after meeting operational and strategic cash needs.
The company stated that it intends to continue its policy of returning approximately 85% of free cash flow over a five-year period through a mix of semi-annual dividends and share buybacks or special dividends, subject to applicable laws and approvals. Additionally, Infosys reiterated its intention to gradually increase its regular annual dividend per share, excluding any special payouts.
This is Infosys’ fourth share buyback since 2017. The company’s first buyback, worth Rs 13,000 crore, took place in 2017. It was followed by programmes valued at Rs 8,260 crore in 2019, Rs 9,200 crore thereafter, and a Rs 9,300 crore buyback in 2022, which was conducted via the open market route.Also read: HUL Q2 Preview: Profit may fall 5% YoY as GST transition, weak demand to hit earnings
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