Infosys Ltd.’s recent share buyback, executed through a tender offer from November 20 to November 26, attracted significant interest from shareholders, with total bids surpassing the offer by more than eightfold.
Data from the Bombay Stock Exchange indicated that the IT giant received bids for 82.61 crore shares against the 10 crore shares available, marking a subscription rate of 826.10 percent. All bids were submitted in dematerialized form, with only electronic shares being offered.
In September, the Infosys board approved a buyback plan for up to 10 crore shares at a price of ₹1,800 per share, totaling ₹18,000 crore—this marks the company’s largest buyback to date.
In a regulatory filing, Infosys disclosed that the buyback represents approximately 2.41 percent of the total equity shares in their paid-up capital. The company also maintained that the size of the buyback does not exceed 25 percent of the combined paid-up capital and free reserves.
According to an HDFC SKY report, the overwhelming response to the offer illustrates a strong investor interest that exceeded expectations. The company has a book size of 10 crore shares with a face value of ₹5, which has attracted various investor groups, especially as the deadline approached.
The report highlighted that current subscription levels at 826 percent suggest extremely low acceptance ratios across all categories. The high oversubscription indicates robust sentiment for the buyback; however, only a small percentage of the tendered shares will likely be accepted when the final allocation is made.
Published on November 26, 2025.
