Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 40

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 40
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 including the                                                                                                                       
 Companies (Share Capital and Debenture) Rules, 2014 (“Share Capital Rules”) and Companies (Management and Administration) Rules, 2014 (“Management Rules”), to the extent applicable.                                                                                                                                                  
 The Company proposed the buyback of its fully paid-up Equity Shares, not exceeding 10,00,00,000 (Ten crore) Equity Shares (representing 2.41% of the total number of Equity Shares in the existing total paid-up equity share capital of the Company on a standalone basis) at a price of ₹ 1,800/- (Rupees One Thousand Eight Hundred 
 only) per Equity Share, payable in cash, for an aggregate amount of up to ₹ 18,000 Crore (Rupees Eighteen Thousand Crore only), representing 24.31% and 21.68% of                                                                                                                                                                      
 the aggregate of fully paid-up Equity Share capital and free reserves as per the latest audited interim condensed financial statements of the Company as at June 30, 2025 on a standalone basis and                                                                                                                                    
 consolidated basis, respectively, which is within the prescribed limit of 25% under the Act and Regulation 4(i) of the Buyback Regulations.                                                                                                                                                                                            |

| 1.3. | In accordance with Regulation 5(via) of the Buyback Regulations, the Board/Buyback Committee may increase the                                                                                                                 
 Buyback Price and decrease the number of Equity Shares proposed to be bought back provided that there is no change in the Buyback Offer Size, till one working day prior to the Record Date fixed for the purpose of Buyback. |

| 1.4. | The Buyback Offer Size does not include any expenses or transaction costs incurred or to be incurred for the                                                                                                                                     
 Buyback, such as, brokerage, filing fees, advisory fees, intermediaries’ fees, public announcement publication expenses, printing and dispatch expenses, applicable taxes such as securities transaction tax, goods and services tax, stamp duty 
 etc. and other incidental and related expenses (“Transaction Costs”).                                                                                                                                                                            |

| 1.5. | Given the Company’s class of securities registered under Section 12 of the U.S. Securities Exchange                                                                                                                                                       
 Act of 1934, as amended, and the shareholding of U.S. residents by way of ADSs and Equity Shares, it was necessary for the Company to seek and obtain exemptive relief from the SEC on certain aspects of the tender offer procedures, due to conflicting 
 regulatory requirements between Indian and U.S.