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Infosys's ₹18,000cr buyback opens on Monday: What to know
Business
Infosys is rolling out its biggest-ever share buyback, worth ₹18,000 crore.
If you're a shareholder on November 14 (the record date), you could sell your shares back to Infosys for ₹1,800 each—about 17% above the latest market price.
Interestingly, company promoters aren't participating this time, so regular investors might see more benefits.
Tax implications of the buyback
Thanks to new tax rules from October 2024, any gains from this buyback will now be taxed as "dividend income" at your usual rate.
Infosys will deduct 10% TDS for residents and 20% for non-residents under tax treaties.
With stricter rules in place, big buybacks like this are rare in 2025—Infosys's is actually the largest so far and one of just seven major ones all year.