Mumbai: IT major Infosys has received an overwhelming approval from its shareholders for its ₹18,000 crore buyback program, even as the promoters have chosen not to participate. The company is all set to repurchase 10 crore shares, representing 2.41% of its paid-up equity capital, at a premium of 18% above current market levels.A postal ballot was conducted for the move, which concluded on November 4, where just 1.19% of the shareholders opposed the plan.
The move follows the company’s announcement in September of the move, with the intention to strengthen its balance sheet. According to filings with the stock exchanges, November 14 has been fixed as the date to finalise the records for determining shareholder eligibility.
The results of the postal ballot, which concluded on November 4, 2025, showed overwhelming support for the buyback initiative.
This is Infosys’ fifth, and its largest, share buyback plan in the last eight years. It comes at a time when the IT industry has seen increasing instances of layoffs, especially since AI-led automation has threatened jobs and entire projects with far smaller teams capable of delivering the same work with far greater efficiency.
Post announcement, Infosys’s shares were trading at ₹1,458 a piece, a 0.53% decline from a day earlier. Infosys’s shares have seen a 19.10% decline in the past year, with this buyback offering shareholders to cash in on the opportunity.
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