New Delhi, Oct. 24 -- Infosys, India's second-largest IT services company, has announced a share buyback proposal worth Rs.18,000 crore - the biggest in its history. A share buyback is a corporate action where a company repurchases its own shares from the existing shareholders.

Infosys board approved the share buyback proposal on September 11, marking its first since 2022, when the company conducted a Rs.9,300 crore buyback.

Here are five key things to know about Infosys share buyback proposal:

Infosys will repurchase up to 10 crore equity shares, representing 2.41% of paid-up equity share capital of the company.

Infosys will buyback shares at Rs.1,800 apiece payable in cash, aggregating to Rs.18,000 crore.

The company has not yet an...