Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 213

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 16E
Chunk 213
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Item 16E. Purchases of Equity Securities by the Issuer and Affiliated Purchasers

Buyback completed in February 2023
The shareholders, through a special resolution passed through postal ballot concluded on December 2, 2022, the results of which were declared on December 3, 2022, had approved the proposal of the Company to buyback from the open market through Indian stock exchanges its own fully paid-up equity shares of face value of ₹5/- each payable in cash, for an amount aggregating up to ₹9,300 crore (maximum buyback size, excluding buyback tax) at a price not exceeding ₹1,850/- per equity share. The buyback was offered to all equity shareholders of the

Company (other than the Promoters, the Promoter Group and Persons in Control of the Company) under the open market route through Indian stock exchanges. The buyback of equity shares through Indian stock exchanges commenced on December 7, 2022, and was completed on February 13, 2023. During this buyback period, the Company purchased and extinguished a total of 60,426,348 equity shares from the stock exchange at a volume weighted average buyback price of ₹1,539.06/- per equity share comprising 1.44% of the pre buyback paid-up equity share capital of the Company. The buyback resulted in a cash outflow of ₹9,300 crore (excluding transaction costs and tax on buyback) ($1,130 million). The Company funded the buyback from its free reserves including Securities Premium as explained in Section 68 of the Companies Act, 2013.

Following is the summary of the buyback completed in fiscal 2023:

Period                                  (a)Total number        (b)Average price      (c)Total number          (d)Maximum       
                                        of shares              paid per share        of shares                number           
                                        purchased              (in INR)              purchased                of shares that   
                                                                                     as part of publicly      may yet to be    
                                                                                     announced                purchased under  
                                                                                     buyback                  the buyback      
December 7, 2022 to December 31, 2022             25,164,000              1,536.18               25,164,000   NA               
January 1, 2023 to January 31, 2023               26,206,500              1,529.03               26,206,500   NA