Infosys Ltd on Thursday announced a Rs 18,000 crore share buyback programme, signalling confidence in its long-term cash flows and growth prospects even as the IT services major faces muted revenue growth this fiscal.The company said it will repurchase around 10 crore shares at Rs 1,800 apiece, a 19% premium over the stock’s Thursday closing price of Rs 1,509.70 on the NSE. The buyback will account for 2.41% of Infosys’ equity, according to an ET report.This is the fifth buyback by the Bengaluru-based firm, which is grappling with reduced client spending and the impact of AI-led disruption on its business.Analysts said the move is expected to strengthen key financial metrics such as earnings per share (EPS) and return on equity (ROE), while offering shareholders tax-efficient returns compared to dividends. They added that the programme will also help the company optimise its capital structure by deploying excess cash reserves.
