Shares of IT company Infosys gained nearly 5 per cent on Thursday, October 23, 2025, following the update that promoters and promoter group would not participate in the company's Rs 18,000 crore share buyback. The stock opened gap up with a gain of 2.92 per cent at Rs 1,515 on the BSE against the previous close of Rs 1,472. It gained further amid firm buying to touch the high of Rs 1,543.50, representing a gain of 4.86 per cent from the previous close. Last seen, the stock was trading at Rs 1,534.90, and the market cap of the company stood at Rs 6,37,659 crore.
Rs 18,000-crore buyback
The company's board has approved the company's largest-ever share buyback worth Rs 18,000 crore. Infosys promoters include company co-founder N R Narayana Murthy's wife Sudha N Murty, daughter Akshata Murty, and son Rohan Murty. It also includes company co-founder Nandan Nilekani, his wife Rohini Nilekani, and children Nihar and Janhavi Nilekani. They have decided not to participate in the company buyback.
In an exchange filing, the company said that the buyback is being undertaken after taking into account the strategic and operational cash needs in the medium term and the need for returning surplus funds to the members in an efficient manner in line with Infosys' capital allocation policy.
Infosys buyback history
The IT major announced its first share buyback programme in 2017, purchasing 11.3 crore shares, which accounted for up to 4.92 per cent of the company's paid-up equity share capital, at Rs 1,150 per equity share, amounting to around Rs 13,000 crore.
The second buyback of the company was worth Rs 8,260 crore in 2019, while the third was worth Rs 9,200 crore. The Bengaluru-headquartered company had, in 2022, announced a share buyback of Rs 9,300 crore via an open market route for a maximum price of Rs 1,850 per equity share.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
