Infosys promoters and promoter group, including Nandan M Nilekani and Sudha Murty, have decided not to participate in the Rs 18,000 crore share buyback, according to a regulatory filing on Wednesday.
The promoters collectively own 13.05 percent of the equity of the company as on the date of announcement of the buyback.
“…the Promoter and the Promoter Group of the Company have expressed their intention not to participate in the Buyback Video in their letters dated September 14, 2025, September 16, 2025, September 17, 2025, September 18, 2025 and September 19, 2025.
“Under the proposed buyback and depending on the response to the buyback, the voting rights of the promoters and the promoter group in the company, which represent 13.05 percent as on the date of the public announcement, may change,” Infosys said.
Infosys promoters include wife Sudha N Murty, company co-founder NR Narayana Murthy, daughter Akshata Murty and son Rohan Murty. It also includes company co-founder Nandan Nilekani, his wife Rohini Nilekani and children Nihar and Janhavi Nilekani. Other co-founders and their families are also promoters of the company. The Infosys board approved the company’s largest ever share buyback worth Rs 18,000 crore at a meeting on September 11, 2025. Infosys will purchase 10 crore fully paid-up equity shares of face value of Rs 5 each, amounting to up to 2.41 percent of the total paid-up share capital, at Rs 5, 1,800 per share.
The buyback will be executed after taking into account medium-term strategic and operational cash needs and the need to return excess funds to members in an efficient manner, in line with Infosys’ capital allocation policy, the filing said.
In accordance with the said Capital Allocation Policy: “From fiscal 2025, the Company expects to continue its policy of returning approximately 85 percent of free cash flow cumulatively over a five-year period through a combination of semi-annual dividends and/or share buybacks/special dividends, subject to applicable legislation and any required approvals.”
The company plans to steadily increase its annual dividend per share (excluding any special dividends), the filing said, adding that, in line with its capital allocation policy, the buyback is expected to enhance long-term shareholder value by reducing equity.
Infosys had announced its first share buyback program in 2017. The company had at that time purchased 11.3 crore shares, or up to 4.92 percent of the company’s paid-up share capital, at Rs 1,150 per equity share, amounting to approximately Rs 13,000 crore.
The company’s second buyback was worth Rs 8,260 crore in 2019, while the third was worth Rs 9,200 crore. The Bengaluru-headquartered company had announced a share buyback of Rs 9,300 crore through open market route in 2022 at a maximum price of Rs 1,850 per equity share.
The Infosys scrip settled at Rs 1,472 apiece on the BSE on Tuesday, up 0.72 per cent from its previous close.
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