Infosys announces Rs 18,000-crore share buyback: What it means for the IT firm’s 26 lakh shareholders

This is the first buyback of shares announced by Infosys since 2022, when the company had agreed to a buyback proposal of Rs 9,300 crore. Infosys on September 11 announced that its board has approved a share buyback proposal worth Rs 18,000 crore, its largest ever. The buyback price has been set at Rs 1,800…

Sebi extends timelines by up to 10 years to meet minimum public shareholding requirements

The IPO rules for very large firms have been eased, granting a timeline of up to 10 years to meet minimum public shareholding requirements.    Minimum shareholding norm for large companies eased by Sebi Capital market regulator Sebi has relaxed the minimum public shareholding norms for big corporates going for an IPO, at the board…