Infosys announces share buyback of ₹9,300 crore, interim dividend of ₹6,940 crore
Updated: 13 Oct 2022, 07:00 PM IST
TL;DR.Under a share buyback or repurchase, a company buys back its own shares from investors or shareholders. It is seen as an alternative, tax-efficient way to return money to shareholders.
FILE PHOTO: A man walks past a billboard of Infosys Technologies Ltd's office in Bangalore, India, Oct. 10, 2003. REUTERS/Jagadeesh N.V./File Photo