Infosys Announces ₹18,000-Crore Buyback, Brokerages See Confidence Signal

Infosys, India's second-largest IT services firm, has unveiled a share buyback program worth ₹18,000 crore at ₹1,800 per share. The move, representing 2.41% of outstanding shares, is being interpreted by brokerages as a strong vote of confidence in the company's long-term prospects.

Morgan Stanley, Investec, and Nomura anticipate execution within 3-4 months, noting Infosys' historical pattern of allocating 25-33% of cash reserves to such programs. The company currently holds ₹45,200 crore in liquid assets.

This marks Infosys' fifth buyback initiative, following four previous repurchases totaling ₹39,760 crore for 33.97 crore shares. The announcement comes despite the stock's 20% decline this year, with analysts highlighting the buyback's signaling effect amid market volatility.