Infosys Rs 18,000 Cr Buyback: Record Date TODAY! Are Your Shares Eligible?
Tech
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Updated on 14th November 2025, 12:46 AM
Author
Satyam Jha | Whalesbook News Team
Crux:
Infosys, India's second-largest IT firm, has set November 14 as the record date for its Rs 18,000 crore share buyback, the company's largest ever. To be eligible, shareholders must hold the shares in their demat accounts by this date due to the T+1 settlement cycle. The buyback aims to return surplus cash and signal confidence. Investors can participate by tendering shares through their brokers.
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Detailed Coverage:
Infosys, the prominent Indian IT services company, announced its fifth and largest-ever share buyback program worth Rs 18,000 crore on September 12. The critical 'record date' for this buyback has been set for November 14, which is today. This date is crucial for shareholders interested in participating because they must hold the company's shares in their demat account by the close of business on November 14. Shares purchased on November 14 will not be eligible for the buyback due to the T+1 settlement system, where trades take one day to settle.
Share buybacks are a corporate action where a company repurchases its own shares from the open market or directly from shareholders. This move can signal strong confidence in the company's future prospects, especially when offered at a premium. It also serves as a method to return surplus cash to shareholders, thereby enhancing shareholder value and potentially boosting earnings per share (EPS).
To participate, eligible shareholders need to log into their broker accounts, navigate to corporate actions, and select the Infosys buyback. They can then decide the quantity to tender, with an option to oversubscribe. It is important to note that not all tendered shares may be accepted, as the buyback has an 'acceptance ratio,' which is expected to be around 2.4% based on the company's announcement. Shareholders will receive payment for accepted shares, and unaccepted shares will be returned to their demat accounts.
Tax Implications: Under the new tax rules effective October 1, 2024, shareholders receiving money from a buyback are taxed as if it were a dividend. They are required to pay tax on the amount received according to their individual income tax slab.
Impact: This buyback is expected to provide support to Infosys's stock price and return capital to shareholders. It reinforces the company's financial strength and commitment to shareholder value. Rating: 7/10
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