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Infosys' founders opted out of its ₹18,000 crore share buyback, the largest in its history.
Infosys promoters, including co-founders Nandan Nilekani and Sudha Murty, have opted out of the company’s ₹18,000 crore share buyback, according to a regulatory filing. The buyback, the largest in Infosys’ history, aims to return 85% of free cash flow over five years. The company plans to repurchase up to 10 crore shares at ₹1,800 each, reducing equity and boosting shareholder value. The stock closed at ₹1,472 on Tuesday, up 0.72%.
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