Infosys approves ₹9,200 crore share buyback at ₹1,750 per share

Infosys on Wednesday announced that the company's board has approved a ₹9,200-crore share buyback to buy back 1.23% of the total paid-up capital. The maximum buyback price of ₹1,750 per share is at a 25.2% premium on Tuesday's closing price. The company also reported a 17.1% year-on-year rise in net profit at ₹5,078 crore in quarter ended March 2021.