Company: INFY
Filing Date: 2025-11-10
Form Type: SC TO-C
Source: 0001193125-25-274597
Chunk: 4

Company: Infosys Ltd
Filing Date: 2025-11-10
Form: SC TO-C
Chunk 4
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, 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. laws for tender offer buybacks, and the same has been obtained post the Board’s approval for the Buyback.                                                                                                 |

| 1.6. | The Equity Shares are currently traded under the trading code(s) 500209 at BSE Limited                                                                                                   
 (“BSE”) and INFY at National Stock Exchange of India Limited (“NSE”) (collectively referred to as “Indian Stock Exchanges”). The ISIN of the Equity Shares is INE009A01021. The American 
 Depositary Shares (“ADSs”) of the Company are listed on the New York Stock Exchange.                                                                                                     |

| 1.7. | The Buyback shall be implemented using the “Mechanism for acquisition of shares through Stock Exchange                                                                                                             
 pursuant to Tender-Offers under Takeovers, Buyback and Delisting” notified by Securities and Exchange Board of India (“SEBI”) vide circular CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 read with SEBI circular 
 CFD/DCR2/P/2016/131 dated December