0

0

0

0

0

0

0

0

0

This article is more than 2 year old.

Infosys to consider second share buyback proposal of $1.6 billion on Jan 11, says report

Mini

The board of Infosys may consider a second share buyback proposal of $1.6 billion in which some founding family members could tender their shares, The Times of India reported.

Infosys to consider second share buyback proposal of $1.6 billion on Jan 11, says report
The board of Infosys may consider a second share buyback proposal of $1.6 billion in which some founding family members could tender their shares, The Times of India reported.
The announcement of the buyback can be a part of the board resolution when it meets on January 11, the report said citing sources.
The share buyback can happen at around 20-25 percent premium to the prevailing market value, sources told the paper. The move is taken usually when the management feels the company is undervalued.
Infosys did not immediately reply to the newspaper's request seeking a comment on the story.
 
Have you signed up for Primo, our daily newsletter? It has all the stories and data on the market, business, economy and tech that you need to know. 
next story