When a company like Infosys announces a massive ₹18,000 crore share buyback, the market naturally sits up and watches closely. But what caught everyone’s attention this time wasn’t just the size of the buyback—it was the decision of the company’s promoters, including Narayana Murthy, Sudha Murty, and Nandan Nilekani, to stay out of it.
This decision, disclosed in regulatory filings, has drawn curiosity across Dalal Street, as it marks a significant stance from Infosys’ founding families amid the company’s fifth buyback program.
Market Performance Snapshot
Infosys’ announcement came at a time when IT stocks have been trading with mixed sentiment. The broader IT index has seen bouts of volatility, but large caps like Infosys continue to attract steady interest due to their strong fundamentals and shareholder returns.
The ₹18,000 crore buyback—one of the biggest in India’s tech space—once again underlines Infosys’ focus on rewarding shareholders and optimizing its capital structure.
Main News: Promoters Opt Out of Infosys Buyback
Infosys confirmed that its promoter and promoter group, which includes key figures such as N R Narayana Murthy, Sudha Murty, and Nandan Nilekani, will not participate in the ongoing buyback offer worth ₹18,000 crore.
In a statement issued on October 22, 2025, the company said these promoters had officially conveyed their intention of opting out through letters dated between September 14 and September 19, 2025.
Under the tender offer route, promoters have the choice to participate in or skip the buyback. This time, they’ve chosen the latter.
According to the company’s exchange filing:
“The Promoter and Promoter Group of the Company have expressed their intention of not participating in the Buyback vide their letters dated September 14, September 16, September 17, September 18, and September 19, 2025.”
The promoters and promoter group together hold a 13.05% stake in Infosys. The company noted that post-buyback, this stake—and consequently, their voting rights—may undergo a change due to equity capital reduction.
Who Are the Promoters of Infosys?
Infosys’ promoter group reads like a who’s who of India’s tech leadership. The company’s founders and their families have continued to hold meaningful stakes, reflecting their long-term belief in the company’s vision.
Here’s a quick look at the key names and their holdings:
1 | Sudha Gopalakrishnan | 9,53,57,000 | 2.3 |
2 | Rohan Murty | 6,08,12,892 | 1.46 |
3 | Nandan M Nilekani | 4,07,83,162 | 0.98 |
4 | Akshata Murty | 3,89,57,096 | 0.94 |
5 | Asha Dinesh | 3,85,79,304 | 0.93 |
6 | Sudha N Murty | 3,45,50,626 | 0.83 |
7 | Rohini Nilekani | 3,43,35,092 | 0.83 |
8 | Dinesh Krishnaswamy | 3,24,79,590 | 0.78 |
9 | S Gopalakrishnan | 3,18,53,808 | 0.77 |
10 | Shreyas Shibulal | 1,99,29,860 | 0.48 |
11 | Narayana Murthy | 1,51,45,638 | 0.36 |
12 | Meghana Gopalakrishnan | 1,48,34,928 | 0.36 |
13 | Nihar Nilekani | 1,26,77,752 | 0.31 |
14 | Shruti Shibulal | 87,05,651 | 0.21 |
15 | Janhavi Nilekani | 85,89,721 | 0.21 |
16 | Deeksha Dinesh | 76,46,684 | 0.18 |
17 | Divya Dinesh | 76,46,684 | 0.18 |
18 | S D Shibulal | 52,08,673 | 0.13 |
19 | Kumari Shibulal | 49,45,935 | 0.12 |
Total (A) | — | 51,30,40,096 | 12.35 |
20 | Milan Shibulal Manchanda | 61,06,302 | 0.15 |
21 | Nikita Shibulal Manchanda | 61,06,302 | 0.15 |
22 | Gaurav Manchanda | 57,73,233 | 0.14 |
23 | Bhairavi Madhusudhan Shibulal | 54,27,875 | 0.13 |
24 | Tanush Nilekani Chandra | 33,56,017 | 0.08 |
25 | Ekagrah Rohan Murty | 15,00,000 | 0.04 |
26 | Shray Chandra | 7,19,424 | 0.02 |
Total (B) | — | 2,89,89,153 | 0.7 |
Grand Total (A+B) | — | 54,20,29,249 | 13.05 |
These figures highlight how deeply the founding families remain invested in Infosys—financially and emotionally—even if they choose not to tender their shares in the buyback.
Infosys Buyback Details
Infosys’ ₹18,000 crore buyback will be executed through the tender offer route, marking the fifth such program in its history. The company has set the buyback price at ₹1,800 per share.
- Buyback Size: ₹18,000 crore
- Buyback Route: Tender Offer
- Buyback Price: ₹1,800 per share
- Number of Shares: 10 crore equity shares
- Equity Percentage: 2.41% of total paid-up equity capital (as of June)
The record date for shareholder eligibility is yet to be announced.
Infosys Buyback History
Infosys’ journey with buybacks stretches back nearly a decade, each serving as a milestone in its capital management approach.
Let’s take a quick look:
- 2017:
- Buyback Size: ₹13,000 crore
- Price: ₹1,150 per share
- Shares Repurchased: 11.3 crore
- % of Equity: 4.92%
- 2019:
- Buyback Size: ₹8,260 crore
- 2021:
- Buyback Size: ₹9,200 crore
- 2022:
- Buyback Size: ₹9,300 crore
- Route: Open Market
- Maximum Price: ₹1,850 per share
The 2025 buyback at ₹18,000 crore stands as Infosys’ largest ever, signaling its commitment to maintaining a balanced capital return policy.
Company Overview
Founded in 1981, Infosys has grown from a small team of visionaries to one of the world’s most respected IT services companies. With its global footprint, it continues to play a pivotal role in India’s software export story.
Its long-standing practice of returning capital—through dividends and buybacks—shows a disciplined financial strategy and shareholder-focused
Summary
To sum it up:
- Infosys announced a ₹18,000 crore buyback—its largest to date.
- Promoters, including Narayana Murthy, Sudha Murty, and Nandan Nilekani, have opted out of participation.
- The buyback price is fixed at ₹1,800 per share via the tender route.
- Promoter group collectively holds 13.05% stake in Infosys.
- The company has executed four previous buybacks, beginning in 2017.
This move reinforces Infosys’ capital discipline, even as its founding families choose to stay invested rather than participate in short-term liquidity events.
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