Infosys announces share buyback proposal of ₹9,300 crore

Infosys' board of directors approved the buyback proposal aggregating to ₹9,300 crore in order to reward its shareholders. The company will buy back 5 crore shares via the open market route at a price of ₹1,850 per share. The approval was granted alongside the company's Q2 results, where Infosys reported an 11% YoY increase in consolidated net profit.