Infosys' Rs 13,000 crore buyback to open on November 30
India's Second Largest IT Company Infosys On Saturday Said Its Rs 13,000-crore Buyback Offer Will Commence On November 30 And End On December 14.
News Nation Bureau New Delhi Updated on: 18 Nov 2017, 10:38 AM
India's second largest IT company Infosys on Saturday said its Rs 13,000-crore buyback offer will commence on November 30 and end on December 14.
Outlining the buyback dates in a regulatory filing, Infosys said that the company through letter dated November 16 received observations from the Securities and Exchange Board of India on the draft letter of offer for the buyback.
The buyback, said the BSE filing, will open on November 30 and close on December 14. The share buyback, which will be the first in the company's 36-year long history, will see Infosys buying back over 11.30 crore shares at Rs 1,150 apiece.
For all the Latest Business News, Download News Nation Android and iOS Mobile Apps.
First Published : 18 Nov 2017, 10:37 AM
More from Business
Take Control Of Your Financial Goals: Apply For A Personal Loan Now
Nihal Dangoria: An Indian Entrepreneur Making a Bright Future For The Real Estate Industry
Data breach incident at Extramarks highlights growing cybersecurity concerns in Indian companies
How is ePayLater empowering retailers across the country
Follow your heart, but don't ignore your mind When it comes to investing