Trading Members are hereby informed that Infosys Limited (Scrip code: 500209) has announced buyback of its fully paid-up equity shares of face value of Rs. 5/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 1,850/- (Rupees One Thousand Eight Hundred and Fifty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 9,300 crores/-
1. Proposed timetable for buyback:
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Date of Opening of the Buyback
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December 07, 2022
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Last Date for the Buyback
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Earlier of:
(a) June 06, 2023 (that is 6 months from the date of the opening of the Buyback); or
(b) when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back Size; or
(c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback
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2. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
Kotak Securities Limited
Address: 27BKC, Plot No. C-27, “G” Block,
Bandra Kurla Complex, Bandra (East),
Mumbai – 400051
Contact Person: Mr. Ritesh Shah
Phone: 1-800-209-9191
Email: service.securities@kotak.com
Website: www.kotaksecurities.com
SEBI Registration No.: INZ000200137
Clearing No: 0673
Client Code: BUYBACKINF
3. Details of Shares held in DEMAT Form.
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
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Scrip Code
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500209
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Market Lot
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1 Share
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Scrip ID
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INFY*
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4. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
5. Institutional Investors are allowed to participate in the buyback.
6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
- Merchant Banker to the Buyback:
Kotak Mahindra Capital Company Limited
27BKC, 1st Floor, Plot no. C-27, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400 051
Tel: +91 22 43360128
Fax: +91 22 67 132430
Email: project.infosysbuyback2021@kotak.com
Contact Person: Mr. Ganesh Rane
SEBI Registration No.: INM000008704
KFin Technologies Limited
KFin Technologies Limited
Selenium Tower B, Plot 31 & 32, Financial District, Nanakramguda,
Serilingampally Mandal, Hyderabad 500 032
Tel: : 1- 800-309-4001
Email: einward.ris@kintech.com
Contact Person: Ms. Shobha Anand
SEBI Registration No.: INR000000221
A.G.S. Manikantha
Company Secretary & Compliance Office
Infosys Limited, No. 44, Electronics City, Hosur Road, Bengaluru, Karnataka 560 100, India.
Tel: 08041167775
Email: sharebuyback@infosys.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
Trading Department -
Trading Operations - Extn: 022-2272- 8376 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat Extn: 022-2272-8915 (For General Queries)
Bhushan Mokashi
General Manager
December 06, 2022 |