Promoters Hold Over 13% Equity
The promoter and promoter group collectively hold 13.05% of Infosys’ equity as of the buyback announcement date. The company clarified that letters from promoters, dated between September 14 and 19, 2025, expressed their intention to abstain from the buyback.
“The promoter and promoter group have conveyed their decision not to participate in the buyback,” Infosys said in its official communication to stock exchanges. However, it added that the overall voting rights of the promoters may change depending on how many shares are tendered by other shareholders during the process.
Largest Buyback in Infosys’ History
Approved by the Infosys Board on September 11, 2025, this buyback marks the company’s largest-ever share repurchase program. Infosys plans to repurchase up to 10 crore fully paid-up equity shares of face value ₹5 each at a price of ₹1,800 per share. This represents about 2.41% of the total paid-up equity capital.
The Bengaluru-headquartered IT major said the decision aligns with its Capital Allocation Policy, which aims to return around 85% of free cash flow to shareholders over a five-year period through dividends and buybacks.
Strategic Focus and Shareholder Value
Infosys said the buyback was formulated after reviewing its operational cash needs and long-term strategic goals. “This initiative reflects our commitment to return surplus funds to shareholders while maintaining financial flexibility,” the company noted.
According to the filing, Infosys intends to gradually increase its annual dividend per share and use buybacks to enhance shareholder value by reducing the total equity base.
Prominent Promoters Who Opted Out
The decision not to participate was collectively made by key promoters and their families, including:
- Nandan Nilekani and his wife, Rohini Nilekani, along with their children, Nihar and Janhavi Nilekani.
- Sudha Murty, her husband, Infosys co-founder N. R. Narayana Murthy, and their children, Akshata Murty and Rohan Murty.
Other co-founders and their families, part of the promoter group, have also refrained from tendering shares in the buyback.
Previous Buybacks and Market Reaction
Infosys has conducted several buybacks in the past. Its first buyback in 2017 was worth ₹13,000 crore, followed by ₹8,260 crore in 2019, ₹9,200 crore in 2021, and ₹9,300 crore in 2022. The latest ₹18,000 crore initiative is nearly double the 2022 figure.
Following the announcement, Infosys shares closed 0.72% higher at ₹1,472 apiece on the BSE on Tuesday. Analysts say the decision could boost investor confidence and support the stock in the medium term.
