Infosys’ promoters to participate in share buyback

Shital Jibhe / 29 Aug 2017

Infosys’ promoters to participate in share buyback

Infosys has informed the bourses that some of the members of the promoter group of the company have communicated their intention to participate in the proposed buyback.

Infosys has informed the bourses that some of the members of the promoter group of the company have communicated their intention to participate in the proposed buyback. It may be recalled that the company had offered a buyback of 11,30,43,478 shares aggregating up to 4.92% of the paid-up equity share capital of the company as of June 30, 2017. 
 
The paid-up share capital of the company as of June 30, 2017 stood at Rs 1,148 crore with 2,29,69,44,664 shares at face value of Rs 5 per share. The buyback is set at the price of Rs 1,150 per share. Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. The buyback is subject to the approval of shareholders. The record date for the buyback offer is not decided yet.
 
The following list shows the shareholding pattern of the promoter and promoter group for the quarter ended June 2017:


If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.