Outlook Business Desk
Under the tender offer route, promoters have the right to participate in a buyback. However, Infosys confirmed that its promoter group informed the company in letters dated mid-September 2025 about their decision not to join.
Infosys has set the buyback price at ₹1,800 per share under the tender route. The company has not yet announced the record date for shareholders eligible to participate in the offer.
Infosys’ promoters, including co-founders Narayana Murthy and Nandan Nilekani, have chosen not to take part in the company’s ₹18,000 crore share buyback, according to a stock exchange filing made on October 22.
The promoters and promoter group together hold 13.05% of Infosys’ equity. The company said their overall voting rights may change after the buyback, depending on the final shareholding structure.
Infosys’ promoter group includes founders Narayana Murthy and Nandan Nilekani, along with their families — Sudha Murty, Murthy’s wife; Akshata Murty, their daughter; Rohan Murty, their son; Rohini Nilekani, Nandan Nilekani’s wife; Nihar Nilekani, their son; and Janhavi Nilekani, their daughter — as well as other co-founders and their families.
The ₹18,000 crore buyback is Infosys’ largest to date. It involves repurchasing up to 10 crore equity shares, representing about 2.41% of the company’s total paid-up share capital as of June 30, 2025.
Infosys carried out its second buyback in 2019, valued at ₹8,260 crore, followed by a third worth ₹9,200 crore. In 2022, it launched a fourth buyback of ₹9,300 crore via the open market route at a maximum price of ₹1,850 per share.
Analysts expect a low acceptance ratio for the Infosys buyback. Seema Srivastava of SMC Global Securities told Mint that due to heavy subscription, retail shareholders may see only 6–20% of their tendered shares being accepted.