Infosys Stock Soars Amid Buyback Speculation
Infosys shares surged nearly 5% after the company announced its board would consider an equity buyback on September 11. The stock traded at Rs 1,500, climbing 4.70% on the BSE. Details about the buyback are pending, with final decisions expected post the board meeting. Previously, Infosys executed a substantial buyback in 2022.
- Country:
- India
The stock value of Infosys experienced a significant increase, rising nearly 5% on Tuesday. This surge followed news that the company's board is set to discuss an equity share buyback proposal slated for September 11.
On the Bombay Stock Exchange (BSE), Infosys shares rose by 4.70% to reach Rs 1,500, while on the National Stock Exchange (NSE), shares ascended 4.68% to Rs 1,502.80. However, the company has yet to disclose further details on the buyback.
According to a regulatory filing, the board's decision will be revealed after their meeting on September 11, 2025. Notably, Infosys had previously announced a Rs 9,300 crore share buyback in 2022, conducted via open market at a maximum price of Rs 1,850 per share.
(With inputs from agencies.)
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