Infosys buyback offer will start on 30th Nov 2017

Rs. 13000 Crore Infosys buyback will open on 30th November  2017 and Close on 14th December 2017.

Infosys (India's 2nd largest IT Company) is doing buyback for the 1st time in company's 36 years long history. To be eligible in Buyback offer you must have shares of Infosys in your demat account before 30th November 2017. If you purchase shares after that date you will not be eligible in this buyback offer.

Company will buy back 11.30 crore shares at Rs. 1150 per apiece. generally company buy shares in higher rate with compare to market in this offer and give good return to shareholders. Previous year its rival company TCS(Tata Consultancy Services) has completed Rs. 16000 Crore buyback offer. Other opponents like Wipro and Cognizant also made similar announcements.

The Buyback is the long-standing demand of some of the company's founder or high profile former executives. Typically share buyback improves earning per share and return very good surplus cash to company's shareholders. You still have a time to participate in this mega offer of Infosys. Purchase shares at current market price before buyback offer start date and participate in this offer to get high return (If you are lucky enough). 

Above all is the information regarding Infosys' Rs. 13000 Crore Mega Buyback offer. Please share your views for this offer in comment box. Have a nice day!