Infosys Promoters to Skip ₹180 Billion Share Buyback

Infosys Ltd. on Wednesday said its promoters, including founder Narayana Murthy and chairman Nandan Nilekani, will not participate in the company’s ongoing ₹180 Billion share buyback announced in September.

The Bengaluru-based IT major said in a regulatory filing that since the promoters and promoter group have opted out, their shares were excluded from the computation of the entitlement ratio. The promoter group, which includes family members, holds 13.05% or 542 million shares as of September 30.

Among the key promoter shareholders, Murthy holds 0.36% and Nilekani 0.98%, while Sudha Gopalakrishnan, wife of cofounder Kris Gopalakrishnan, holds 2.3%, making her the largest promoter shareholder.

Infosys plans to buy back 100 million shares at ₹1,800 apiece, representing 2.41% of its total paid-up equity capital. This marks its largest buyback in a decade and comes amid pressure on IT stocks due to a weak global macro environment and tariff-related uncertainties.

The company also reiterated its commitment to return about 85% of cumulative free cash flow over five years, starting 2024-2025, through a mix of dividends, buybacks, or special dividends, subject to approvals.

This will be the fifth buyback by Infosys in the past 10 years. Its last buyback in 2022, conducted through the open market, totaled ₹93 Billion at an average price of ₹1,850 per share, covering 60 million shares.