Infosys Share Buyback: Strategy, Scenarios, and Road Ahead for Shareholders

Infosys is conducting a Rs 18,000 crore share buyback with a record date today. The tender offer allows investors to sell shares at Rs 1,800, a 19% premium over the pre-announcement market price. The buyback involves 10 crore shares, with 15% reserved for small shareholders. Analysts expect low overall retail participation, with potential acceptance ratios ranging from 20-25% for retail investors. Shareholders should consider their tax implications, holding costs, and investment horizons before deciding to participate.