How does it impact investorsShare buybacks typically improve earnings per share and return surplus cash to shareholders, while also supporting share price during a period of sluggish market condition. The offer price, at Rs 1,150 per share, is Rs 226.90 more than Rs 923.10/ share closing price on Friday. Previous share buybacksInfosys’ first buyback is second only to the Rs 16,000 crore share repurchase by its bigger rival Tata Consultancy Services (TCS) announced in April this year. Before TCS, Reliance Industries had come out with biggest share buyback of Rs 10,440 crore between February 1, 2012 and January 19, 2013. In July, Wipro announced its decision to buyback 34.3 crore equity shares of Rs 2 each for Rs 11,000 crore, at Rs 320 per share.

Source: Hindustan Times August 19, 2017 10:41 UTC