India, Sept. 11 -- Infosys Ltd. has announced its biggest ever buyback at 19% premium to its closing share price on Thursday.

The board of directors of India's second largest IT services firm has approved a proposal to repurchase 10 crore fully paid-up equity shares of face value Rs.5 each at Rs.1,800 apiece, according to an exchange filing on Thursday. Meaning, the buyback is equivalent to 2.41% stake in the company and worth Rs.18,000 crore.

The buyback size does not exceed 25% of the aggregate paid-up capital and free reserves, based on the latest financials as on 30 June 2025, the company stated.

As on 30 June 2025, Infosys had a free cash flow of Rs.7,533 crore-a 17.7% year-on-year decline-but still 108.8% of net profit, according...