IT services giant Infosys on Thursday said its board has approved the company’s largest-ever share buyback programme worth Rs 18,000 crore. Infosys will buy 10 crore fully paid-up equity shares of a face value of Rs 5 each, representing up to 2.41 per cent of the total paid-up equity share capital, at Rs 1,800 per share, which reflects a premium of around 19 per cent over Thursday’s closing price of Rs 1,509.5 apiece on BSE. “The Board of Directors has considered and approved a proposal to buyback equity shares for an amount of Rs 18,000 crore at a price of Rs 1,800 per equity share,” Infosys said in an exchange filing.

 

At the end of June 2025 quarter, the company had reported a free cash flow of USD 884 million (around Rs 7,805 crore). With this, Infosys matches the biggest ever share buyback programme of IT major TCS announced in 2022. TCS had then bought back 4 crore equity shares at a price of Rs 4,500 per equity share for an aggregate consideration of Rs 18,000 crore. Infosys will now seek shareholder's approval for going ahead with the buyback programme. The company had announced its first share buyback back in 2017. At that time Infosys had purchased 11.3 crore shares or up to 4.92 per cent of the paid-up equity share capital of the company at a price of Rs 1,150 per Equity Share amounting to around Rs 13,000 crore.