Infosys: Proposed Buyback

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Infosys has proposed a Buyback of about 4.92% of its total paid up Equity Share Capital i.e., around 11.30Cr Equity Shares. Also, it announced that some of it's promoters too intend to participate in Buyback. However, the said Buyback is yet to receive approval through special resolution by Postal Ballot.

What is Buyback?
Buyback basically refers to purchasing own Equity Shares from Equity Shareholders. The prime motto behind Buyback is reducing the excess Ownership, Increasing Earnings Per Share, etc.

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