Infosys approves Rs 13,000 crore share buyback plan after Sikka resigns

After Vishal Sikka, Managing Director and Chief Executive Officer, Infosys resigned from the post, the company on Saturday approved Rs 13,000 crore share buyback proposal. 

The company in a regulatory filing said, "Approved a proposal for the company to buyback its fully paid-up equity shares of face value of Rs 5 each, from the equity shareholders of the company as on a record date to be announced later, for an amount not exceeding Rs 13,000 crore."

No change in share buyback plan after Sikka's resignation, Infosys says