Overview
- Only investors who held shares by November 13 under T+1 settlement are eligible for the November 14 record date.
- Infosys plans to repurchase up to 10 crore shares (2.41% of equity) via the tender route at Rs 1,800 per share, a mid‑teens premium to the market price.
- About 15% of the offer is reserved for small shareholders, a feature that typically lifts retail acceptance ratios.
- Promoters, including Nandan Nilekani and Sudha Murty, will not participate, increasing the pool available to public shareholders.
- Proceeds will be taxed to recipients as income from other sources with TDS (10% for residents reported), while the investment value is recorded as a capital loss that can offset other gains; acceptance ratios and payouts will be set after the tender window, with the process historically taking months.