India's 2nd largest IT firm to consider buyback this week—Its first in over 2 years

Infosys Bonus Shares Board Meeting Date: Infosys's board is set to meet on Thursday, September 11, to consider a proposed share buyback. If approved, this will lead to the IT major's first share buyback since 2023. 

Infosys Board Meeting Date | Bengaluru-based IT giant's board set to consider proposed buyback on this day 

According to a regulatory filing, Infosys's board of directors will consider a proposal for the buyback of its equity shares on September 11. 

The proposed buyback will comprise the company's fully paid-up equity shares.

The meeting is in accordance with SEBI rules, said the company.

The outcome of the Infosys board meeting will be disseminated to the stock exchanges after the conclusion of the board meeting that day, according to the company. 

If approved, this will be first Infosys buyback in over 2 years

Infosys completed its last share buyback in February 2023. That buyback was worth Rs 9,300 crore at Rs 1,850 apiece, marking a premium of 30 per cent over the market price. 

The buyback opened on December 7, 2022, and closed on February 13, 2023. 

Under the buyback, the company repurchased about 6.04 crore of its shares, representing about 1.44 per cent of its total equity. 

Infosys has rewarded investors handsomely in the past

The Bengaluru-headquartered IT major has had a history of shareholder rewards, with a mix of dividends and bonuses every few months. 

The company pays dividends regularly, with both interim and final dividends announced nearly every six months. 

Infosys shares 

Earlier on Monday, Infosys shares declined 0.8 per cent to end at Rs 1,432.7 apiece on BSE, underperforming a mild 0.1 per cent gain in the headline Sensex index.

At the current level, the Infosys stock has lost 23.7 per cent of its value so far in 2025, as against a 4.3 per cent rise in the Nifty50 and in line with a 20.8 per cent fall in the Nifty IT.

What is a buyback? Why do companies repurchase their shares?

A share buyback -- also known as a share repurchase in market parlance -- occurs when a listed company purchases its own shares either from the market or directly from investors.

A share buyback reduces the total number of shares in circulation in the market.

Typically, a share buyback is offered at a premium to the market price, and tends to lift the company's earnings per share (EPS).

Companies opt for buybacks for a variety of reasons. A buyback not only sends a message to investors that the company strongly believes that its stock is undervalued, but also enables the company to reward their shareholders in a more tax-efficient way than dividends.

It also lets companies improve important financial metrics such as EPS, return on equity (ROE), and return on capital (RoC).