Infosys Buyback: How many of your shares are eligible for tendering? Check entitlement ratio and other key details

Infosys Buyback: Infosys has launched its biggest-ever share buyback worth Rs 18,000 crore, a move that has sparked strong interest and excitement among investors who want to know how many of their shares are likely to be accepted.

The company announced that its tender offer will open on November 20 and close on November 26. Infosys plans to buy back 10 crore fully paid-up equity shares of Rs 5 each, representing up to 2.41 per cent of the company’s total equity.

The buyback price has been fixed at Rs 1,800 per share.

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Infosys Buyback Details

According to Infosys, eligible shareholders can tender their shares during the offer period. The company said the buyback decision was taken after considering its medium-term cash requirements and to return surplus funds to shareholders in an efficient manner as part of its capital allocation strategy.

The buyback includes two categories, one for small shareholders and the other for the general category. Fifteen per cent of the buyback size has been reserved for small shareholders, giving them a comparatively better chance of acceptance.

A small shareholder is one whose holding does not exceed Rs 2,00,000 as per the record date. Infosys revealed that 25,85,684 investors currently fall under this category, making it one of the highest retail participation figures among large Indian companies.

Infosys Buyback: How Much Can You Tender Based on the Record Date?

The record date to determine shareholder eligibility and entitlement was fixed as November 14, 2025. Once the data was analysed, Infosys disclosed the entitlement ratios: 2:11 for small shareholders and 17:706 for the general category.

This means that small shareholders are entitled to tender two shares for every eleven shares they hold, while general category investors can tender seventeen shares for every seven hundred and six held.

Entitlement becomes the most important factor for shareholders during a tender offer as it reflects the maximum number of shares they can tender.

However, entitlement does not guarantee acceptance. It simply sets the upper limit on how many shares may be offered by each investor.

Infosys also explained what entitlement and entitlement ratio mean in a buyback. Entitlement refers to the number of shares an investor is allowed to tender based on their holding on the record date.

The entitlement ratio determines the proportion of shares that can be offered relative to the investor’s total holding. These numbers are calculated using the buyback size, total eligible shareholders and category-wise demand.

Investors generally tender more than their entitlement in anticipation of higher acceptance, depending on participation levels.

Infosys Buyback History

Infosys has built a strong track record of returning cash to shareholders through periodic buybacks. Its first buyback in 2017 involved the purchase of 11.3 crore shares for Rs 13,000 crore at Rs 1,150 per share.

This was followed by buybacks of Rs 8,260 crore in 2019, Rs 9,200 crore in 2021 and Rs 9,300 crore during 2022–23. In 2022, it also bought back shares worth Rs 9,300 crore through the open market at a maximum price of Rs 1,850.

A key highlight of the current buyback is that promoters, including Nandan Nilekani and Sudha Murty, have chosen not to participate, as has been the case in past buybacks.

The promoter group holds 13.05 per cent of the company’s equity, and their non-participation often increases the acceptance ratio for public shareholders.

Infosys Share Price

Infosys is trading sharply higher at Rs 1,540.75, up Rs 55.10 or 3.71 per cent for the day. The stock opened at Rs 1,488.80, slightly above its previous close of Rs 1,485.65, and moved to an intraday high of Rs 1,542.80, while the day’s low remained at Rs 1,488.80.

Infosys continues to trade well above its 52-week low of Rs 1,307.10, though still some distance away from its 52-week high of Rs 2,006.80.

The company commands a strong full market capitalisation of Rs 6,40,089 crore and is a key constituent of the BSE Sensex.