Infosys Board Approves Buyback Of Rs 9300 Crores, Declares Interim Dividend

The Board of Infosys Ltd has approved a proposal for the Company to buyback its own fully paid-up equity shares of face value of Rs 5/- each from the equity shareholders of the Company (other than the promoters, the promoters group and persons in control of the Company), being 14.84% and 13.31% of its total paid-up capital and free reserves as on September 30, 2022 (on a standalone and consolidated basis, respectively) for an amount, payable in cash, aggregating up to Rs 9,300 crore.

Infosys board has announced an interim dividend of Rs 16.50 per share, an increase of 10% over FY 22 interim dividend of last year.