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Infosys promoters are opting out of its buyback due to tax
Mint Kolkata
|October 24, 2025
The decision of Infosys Ltd's promoters to opt out of its largest buyback of ₹18,000 crore points to an underlying concern: tax.
Promoters of the country's second-largest information technology (IT) services company, including founders Nandan Nilekani, N.R. Narayana Murthy, S.D. Shibulal and S. Gopalakrishnan would have to shell out more tax and earn less money in hand if they were to sell their shares through the buyback than through the stock exchanges. Currently, the promoters and their group own 13.05% of the company's shares.
On 11 September, Infosys announced that it would repurchase 100 million shares at a price of ₹1,800 per share. It ended Thursday with a share price of ₹1,529 per share, which translates to an apparent gain of ₹271 per equity share.
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