Infosys Ltd.’s headquarter in Bengaluru. (Photo: Vivek Amare/Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shares of Infosys Ltd. rose over 1% in early trade on Wednesday, as the IT major gears up for its mega buyback, set to open on Nov. 20 and close on Nov. 26. The company, through an exchange filing on Tuesday, laid out a detailed timetable for what promises to be a crucial week for shareholders participating in the Rs 18,000 crore programme.

Infosys has set the buyback ratio at 2:11 for retail shareholders, meaning two shares will be bought back for every 11 held. For the general category, which includes institutional and non-institutional investors, the ratio stands at 17:706.

Nov. 26 is the last day for shareholders to submit completed tender

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