Infosys wants to buy back your shares for 9,300 crore. What can a company do when it has excess cash in its coffers? It could reinvest this money or pick up a new project and work on it. But if these options are limited, it could choose to reward its shareholders by sharing the proceeds with them. Or they could do a share buyback where an investors are afforded the opportunity to sell their shares back to the company at a premium.
Infosys launched a massive ₹9,300 crore share buyback on Wednesday and in today’s episode for 10th December 2022, we will explain this and more.