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Infosys on Thursday approved its largest-ever share buyback proposal worth ₹18,000 crore and set the price at ₹1,800/share. Notably, the company's shares closed at ₹1,509.5, which means that the buyback price would be a 19% premium. The Bengaluru-headquartered firm added that it intends to purchase 10 crore equity shares or 2.41% of its total paid-up equity share capital.
short by Medhaa Gupta / 10:33 pm on 11 Sep
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