BENGALURU, India, August 28, 2017 /PRNewswire/ --
This is further to our intimation dated August 19, 2017, with regard to the approval by the Board of Directors ("Board") of Infosys Limited (the "Company") to undertake a buyback of up to 113,043,478 equity shares of ₹ 5/- each ("Equity Shares") aggregating up to 4.92% of fully paid-up equity share capital of the Company (the "Buyback"), at a price of ₹1,150/- (Rupees One Thousand One Hundred and Fifty only) per Equity Share of the Company, on a proportionate basis through a tender offer pursuant to the Companies Act, 2013 and the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 ("Buyback Regulations").
In terms of the Buyback Regulations, under the tender offer route, the promoters have the option to participate in the Buyback. We would like to inform you that some of the members of the promoter and promoter group of the Company have communicated their intention to participate in the proposed Buyback.
The Buyback is subject to approval of the shareholders of the Company by means of a Special Resolution through a Postal Ballot. The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.
You are requested to take note of the same.
This announcement contains inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.
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