Infosys to buy back 11.3 crore shares at Rs 1,150 each
(WorldNews Business)

Bengaluru: Global software major Infosys Ltd announced on Saturday that it would buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 each via a tender offer. `The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from the shareholders at a price of Rs 1,150 per share for an amount not exceeding Rs 13,000 crore ($2 billion),` said the IT major in a regulatory filing on the Bombay Stock Exchange (BSE). The offer size is 20.51 per...