Complete details of Infosys Buyback 2024 including ₹1800 buyback price, ₹18,000 crore size, small shareholder eligibility, entitlement ratio, record date and step-by-step guide to apply through Zerodha.
Infosys Buyback 2024: Big Opportunity for Investors, Full Process, Dates & Eligibility Explained
Infosys shareholders have received a major update as the company has released all important details regarding its much-awaited buyback. Whether you are a small shareholder or belong to the general category, this information is crucial for you.
Infosys Share Price and Buyback Price
Infosys share closed at around ₹1486.
The company has fixed the buyback price at ₹1800 per share, which means Infosys will buy your shares at a premium of around ₹314.
This is a strong opportunity for investors to earn a quick premium.
Buyback Size and Total Shares
Infosys will buy:
- Up to 10 crore shares
- A total buyback size of ₹18,000 crore
Promoters will not participate in this buyback.
Record Date and Eligibility
- Record Date: 14 November
- Investors who purchased and held shares until 13 November are eligible
- Shares purchased on or after 14 November are not eligible
Buyback Window Dates
- Buyback opens: 20 November
- Buyback closes: 26 November
- Last time to submit tender form: 26 November, 5 PM
Who is a Small Shareholder?
According to Infosys:
- A small shareholder is someone whose total investment is not more than ₹2 lakh
- Based on the record date price, this equals around 133 shares
- If you hold more than 133 shares, you fall into the General Category
The company recorded 25,85,684 small shareholders holding around 8.25 crore shares in total.
Entitlement Ratio (How Many Shares Will Be Accepted)
For Small Shareholders
- For every 11 shares, 2 shares are eligible for buyback
Examples:
- 11 shares = 2 accepted
- 22 shares = 4 accepted
- 33 shares = 6 accepted
For General Category
- For every 706 shares, 17 shares will be accepted
One-Share Buyback Strategy
This year, the “1 Share Buyback Strategy” seems highly effective because:
- Small shareholders collectively hold fewer shares
- Infosys is buying back a large quantity
Thus, even if you apply with just 1 share, there is a very high (around 99%) chance of acceptance.
How to Apply for Infosys Buyback Through Zerodha
- Login to Zerodha Console
- Go to Portfolio → Corporate Actions
- Select Infosys Buyback
- Enter the Tender Quantity
- Click Submit
- Do not sell the shares after tendering
- Zerodha’s cut-off time for buyback applications is usually 1 PM on the last day
Conclusion
Infosys Buyback 2024 is a big opportunity for small shareholders due to higher premium, strong reservation, and an easy application process.
If you hold Infosys shares, this buyback could be highly beneficial for you.