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Infosys to buy back shares again soon

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Bengaluru, April 11 (IANS) Global software major Infosys announced on Sunday that it is planning to buy back more shares again with such a proposal on the agenda at its board meeting on April 14.

“The board will consider a proposal for buyback of fully paid-up equity shares at its meeting on April 14, 2021, in accordance with the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018,” said the city-based company in a regulatory filing on the BSE.

The board meets on April 13-14 here to approve its financial results for the fourth quarter and fiscal year 2020-21.

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The last time when the IT major bought back shares was in March 2019, buying 2.36 per cent of the paid-up capital (103.25 million shares) worth Rs 8,260 crore at Rs 800 per share through the open market route.

–IANS

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