The second-largest supplier of IT services in India, Infosys Ltd., has told stock markets that its board would discuss a repurchase proposal at its meeting on October 13.
The Board of the Company will consider a proposal for the buyback of fully paid-up equity shares of the Company in accordance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, at its meeting to be held on October 13, 2022, according to a filing from Infosys. This is in accordance with Regulation 29(1)(b) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI The business stated that following the board meeting on October 13, 2022, the results would be released to the stock markets.