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Infosys promoters opt out of Rs 18,000 crore share buyback
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Infosys promoters and promoter groups, including cofounders Narayan Murthy and Nandan Nilekani, and Sudha Murty, have decided not to participate in the company’s largest-ever Rs 18,000 crore share buyback programme, according to a stock exchange filing on Wednesday.
As of the day the buyback was announced, promoters held a 13.05% stake in the Indian IT major. If the offer is fully subscribed, their shareholding would rise to 13.37%. Meanwhile, public ownership would dip slightly from 86.95% to 86.63%, the filing showed.
This could also affect the…
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