India, Sept. 11 -- Infosys Ltd. has announced its biggest ever buyback at a 19% premium.

The board of directors of India's second largest IT services firm has approved a proposal to repurchase equity shares for an amount of Rs.18,000 Crore at Rs.1,800 apiece, according to an exchange filing on Thursday.

This is only the fourth share buyback in the history of the company that was co-founded by N.R. Narayana Murthy in 1981. Infosys listed in February 1993.

A share buyback typically indicates that the management views the stock as undervalued and that it has sufficient cash reserves. Infosys has a policy to return to substantial portion of its free cash flow to shareholders.

As on 30 June 2025, Infosys had a free cash flow of Rs.7,533 cr...