Bengaluru, October 23, 2025: Infosys Ltd’s promoters and promoter group, including cofounders N R Narayana Murthy, Nandan Nilekani, and Sudha Murty, have decided not to participate in the company’s largest-ever share buyback programme worth ₹18,000 crore, the IT major said in a stock exchange filing on Wednesday.
As of the announcement date, promoters collectively held a 13.05% stake in the company. If the buyback is fully subscribed, their shareholding will marginally increase to 13.37%, while public ownership will dip slightly from 86.95% to 86.63%, the filing noted. Infosys also indicated that this change could impact the voting rights of the promoters and promoter groups.
The promoter group comprises several of Infosys’ cofounders and their family members. Apart from Narayana Murthy, Sudha Murty, and their children Akshata Murty and Rohan Murty, it also includes Ekagrah Rohan Murty, their grandson. Nandan Nilekani, his wife Rohini Nilekani, and their children Nihar and Janhavi Nilekani are also part of this cohort, alongside families of other cofounders.
Infosys’ board had approved the share buyback on September 11, 2025, involving the repurchase of 10 crore fully paid-up equity shares, representing up to 2.41% of the company’s total equity capital, at a price of ₹1,800 per share—a 19% premium to the market price on the announcement day.
According to the filing, the decision reflects a balance between the company’s medium-term strategic and operational cash requirements and its commitment to return surplus funds to shareholders. The buyback aligns with Infosys’ capital allocation policy, which aims to return around 85% of cumulative free cash flow over a five-year period through dividends, buybacks, or special payouts.
The company also reiterated its intent to gradually increase its regular annual dividend per share, excluding any special dividends, to enhance long-term shareholder value by reducing its overall equity base.
This marks Infosys’ fifth share buyback since 2017. The company’s previous buybacks include:
₹13,000 crore in 2017 (₹1,150 per share)
₹8,260 crore in 2019
₹9,200 crore in 2021
₹9,300 crore in 2022 (open market route at ₹1,850 per share)
In Tuesday’s trading, Infosys shares closed at ₹1,471 apiece on the NSE, up 0.69%, outperforming the Nifty 50’s 0.1% gain.
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