Infosys Promoters Opt Out of Rs 18,000 Crore Share Buyback
Infosys promoters, including Nandan Nilekani and Sudha Murty, will not participate in the Rs 18,000 crore share buyback. Promoter group holds 13.05% of equity, yet their decision might alter voting rights. The buyback aligns with Infosys' capital allocation strategy, aimed at enhancing shareholder value.
- Country:
- India
Infosys promoters, comprising key figures like Nandan M Nilekani and Sudha Murty, have chosen not to engage in the company's Rs 18,000 crore share buyback, as per a recent regulatory filing.
The promoters, who collectively hold a 13.05% stake, have decided against participating in the buyback process, a move that could potentially affect their voting rights.
The Rs 18,000 crore buyback, approved by Infosys' board, is part of a broader strategy to manage surplus funds and enhance shareholder value by reducing the overall equity base.
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