Infosys share buyback: US SEC grants exemptive relief, shares gain 6% in 5 days

The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday.

The exemptive relief from the US securities' regulator is on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks, Infosys said in the BSE filing.

"We would like to inform you that, by way of a letter from the SEC dated September 11, 2025, the company has obtained the requested exemptive relief from the SEC," it said.

The letter, it said, will be publicly available on the SEC's website once posted by the commission.

"This has reference to our letter dated September 11, 2025, regarding the outcome of the meeting of the Board of Directors of Infosys Limited approving the proposal to buyback...in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, the Companies Act, 2013 and the rules made thereunder, subject to receipt of exemptive relief from the US Securities and Exchange Commission on certain aspects of the tender offer procedures, due to conflicting regulatory requirements between Indian and US laws for tender offer buybacks," it further said.

The buyback is subject to approval of the shareholders by way of a special resolution through postal ballot. The record date for the buyback will be determined in due course, according to the company.

The public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the buyback regulations.

Infosys buyback program: Here's how many shares it plans to repurchase

In an exchange filing on September 11, Infosys said that it will buy 10 crore fully paid-up shares of a face value of ₹5 each, which is 2.41% of the total paid-up equity share capital, at ₹1,800 per equity share, a premium of 19.22% from Thursday’s closing price of ₹1,509.7 apiece on NSE.

"The Board of Directors of the Company at their meeting held on September 11, 2025, has considered and approved a proposal to buyback equity shares for an amount of Rs 18,000 crore at a price of Rs 1,800 per equity share," the company said in a regulatory filing.

In the first quarter of the financial year 2025-26 (Q1 FY26), the company had recorded a free cash flow of around ₹7,805 crore (USD 884 million).

Infosys share price:

Following the announcement, shares of Infosys settled 0.95% higher at ₹1,524.10 apiece on the National Stock Exchange (NSE). Intraday, it climbed as much as 2.19% to ₹1,542.9.

In the last one week, the stock has gained 5.6%, while it climbed 7% in the month's period. In the six-month period, it descended 4.20%, while slumped 19.04% year-to-date.