Infosys buyback offer sees massive investor rush
Infosys just wrapped up its biggest-ever share buyback, and investors went all in—bidding for over eight times the shares available.
The offer, open from November 20 to 26, saw a whopping 826% subscription, making it clear that market confidence in Infosys is sky-high.
How the buyback worked
Shareholders could sell their shares back at ₹1,800 each.
The total buyback was set at ₹18,000 crore (about 2.4% of Infosys's equity), staying within regulatory limits and getting all the right approvals.
What happens next?
Because demand was so high, only a small fraction of shares offered will actually be bought back—so most investors won't get all their bids accepted.
Still, this record-setting response shows just how much faith people have in Infosys right now.
Final results on whose shares were accepted will be announced soon.