Infosys shares soar nearly 4% as Nilekani, Sudha Murty, other promoters opt out of ₹18,000-crore buyback

At 9:45 AM, the stock was trading at ₹1,525.50 per share on the National Stock Exchange, gaining 3.61%.

"...the Promoter and Promoter Group of the Company have expressed their intention of not participating in the Buyback vide their letters dated September 14, 2025, September 16, 2025, September 17, 2025, September 18, 2025, and September 19, 2025," the company said in a regulatory filing.

The promoters collectively hold 13.05% of the company's equity as of the buyback announcement date.

"Pursuant to the proposed buyback and depending on the response to the buyback, the voting rights of the promoters and promoter group in the company, which constitute 13.05% as of the date of the public announcement, may change," Infosys added.

Infosys promoters include company co-founder N R Narayana Murthy's wife, Sudha N Murty; daughter, Akshata Murty; and son, Rohan Murty. It also includes company co-founder Nandan Nilekani, his wife Rohini Nilekani, and children Nihar and Janhavi Nilekani. Other co-founders and their families are also promoters of the company.

In September, Infosys’s board approved the company's largest-ever share buyback worth ₹18,000 crore. Infosys will buy 10 crore fully paid-up equity shares of a face value of ₹5 each, representing up to 2.41% of the total paid-up equity share capital, at ₹1,800 per share.

The buyback was announced considering the strategic and operational cash needs in the medium term and the need to return surplus funds to the members in an efficient manner in accordance with Infosys's capital allocation policy.

According to Infosys’s Capital Allocation Policy, "Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85% of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/special dividends, subject to applicable laws and requisite approvals, if any.”

Infosys intends to gradually increase its annual dividend per share (excluding any special dividends), the company filing said, adding that the buyback is anticipated to increase shareholder value over the long term by reducing the equity base in line with the capital allocation policy.

The proposed ₹18,000 crore buyback, its biggest yet, will be the Bengaluru-headquartered company’s fifth buyback.