Infosys approves share buyback worth $2 billion, the largest in the company’s history, marking a strong move to reward shareholders. India’s No. 2 IT services provider announced on Thursday that its board cleared a repurchase plan of ₹180 billion ($2.04 billion).
Infosys said the buyback will be executed via the tender offer route at a price of ₹1,800 per share. Infosys approves share buyback worth $2 billion at a time when the IT industry faces global headwinds, yet continues to focus on creating investor value.
This is the fifth buyback by the Bengaluru-based company, with the previous one carried out in 2022-2023. Market experts note that Indian IT companies, being service-driven and investor-friendly, continue to prefer buybacks. However, analysts like Gaurav Vasu, founder of UnearthInsight, believe Infosys should also focus on mergers, acquisitions, and building AI and cloud-based products to match U.S. tech giants.
After the announcement, U.S.-listed shares of Infosys were up 0.03% at $16.99. However, its shares in Mumbai closed 1.5% lower at ₹1,509.7.
The buyback reflects Infosys’s strategy to balance shareholder returns while strengthening investor confidence in a challenging global IT landscape.
