What is Infosys buyback price?

The highest price at which the equity shares were bought back was Rs 1,750, while the lowest price was Rs 1,538.10 per equity share.

What is the record date for Infosys buyback 2021?

As per Infosys proposed timeline, the last date for the buyback would be December 24, 2021, 6 months from the date of the opening of the buyback. Kotak Mahindra Capital Company Ltd has been appointed as the manager of the buyback.

Does buyback increase share price?

A buyback will increase share prices. Stocks trade in part based upon supply and demand and a reduction in the number of outstanding shares often precipitates a price increase. Therefore, a company can bring about an increase in its stock value by creating a supply shock via a share repurchase.

Is Infosys buyback 2021 completed?

Infosys board had approved an up to Rs 9,200 crore buyback plan, which commenced on June 25. The IT major had proposed to purchase back shares at a maximum price of Rs 1,750 apiece via open market through Indian stock exchanges. The offer closed on September 8, 2021.

Why is Infosys buying back?

Infosys said the buyback is being undertaken by the company after taking into account the strategic and operational cash needs in the medium term and for returning surplus funds to the members in an effective and efficient manner.

What happens after buyback of shares?

A stock buyback, also known as a share repurchase, occurs when a company buys back its shares from the marketplace with its accumulated cash. The repurchased shares are absorbed by the company, and the number of outstanding shares on the market is reduced.

What is the buyback date of Infosys?

As per the proposed timeline, the last date for the buyback would either be December 24, 2021 (six months from the date of the opening of the buyback) or when the company completes the buyback by deploying the amount equivalent to the maximum buyback size – whichever is earlier.

What is the record date for Infosys buyback?

The buyback of shares started on June 25 and will end on December 24 (6 months from the date of the opening of the buyback). At 12:10 pm, Infosys shares were trading at ₹ 1,587.90, higher by 1.65 per cent, on the BSE. The IT major will buy back shares from the open market at a maximum price of ₹ 1,750 per share.

How to participate in Infosys buyback scheme 2021?

Investors can participate in the Infosys Buyback 2021 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Infosys buyback scheme. When is Infosys Buyback Record Date?

How can I apply for Infosys buyback through Zerodha?

Apply Infosys buyback from Zerodha 1 Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’ 2 Enter the number of shares you want to tender and click on ‘Submit’ 3 Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date.

What does “buyback of shares up to value of 1750” mean?

Example: “Infosys Technology ” announces buyback plan of its shares up to value of Rs 1750, it means that the company will be purchasing shares of “Infosys Technology ” from the open market at a price not exceeding Rs.1750 per share.

What is the significance of stock holding table in Infosys?

Stock Holding table gives a clear picture on retail investor holdings of Infosys shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in Infosys buyback under retail category which is equal to higher profit. Source: https://economictimes.indiatimes.com/