Infosys Rs 18,000 crore buyback: What shareholders must know under new tax rules - explained
Infosys has announced a record Rs 18,000 crore share buyback, executed through a tender offer at Rs 1,800 per share, an 18% premium over the current market price. The buyback, pending shareholder approval, coincides with a new tax regime where proceeds are treated as dividend income for investors, impacting high-income individuals more significantly.
Infosys has announced a record Rs 18,000 crore share buyback, executed through a tender offer at Rs 1,800 per share, an 18% premium over the current market price. The buyback, pending shareholder approval, coincides with a new tax regime where proceeds are treated as dividend income for investors, impacting high-income individuals more significantly.
