Infosys promoters' stakes rise to 12.9% after Rs 13,000-cr share buyback

The company had said it would spend Rs 13,000 crore in buying back 4.92 per cent of its paid-up equity share capital at a price of Rs 1,150 a piece

Infosys has seen the stakes of its promoters rise to 12.9 per cent after a Rs 13,000-crore share buyback. 

The combined stakes of all promoters in Infosys before the buyback offer was 12.75 per cent, indicating the proportion of shares tendered by the promoters was less than that tendered by other shareholders. Infosys received applications tendering over 565 million shares, five times the 113 million shares that were proposed to be bought back.

The company had said it would spend Rs 13,000 crore in buying back 4.92 per cent of its paid-up equity share capital at a price of Rs