Infosys declared an Rs 18,000 crore share buyback. The company will repurchase shares at Rs 1,800 apiece. This is a 19% premium over Thursday’s closing price. This buyback is the fifth by the Bengaluru-based firm. Analysts expect the move to strengthen financial metrics. The program will also help optimise capital structure. The buyback signals confidence in long-term cash flows. Post navigation Currency watch: Rupee slips to record closing low of 88.35 vs US dollar; strong dollar index, crude gains add pressure ‘India is strategic partner’: Trump’s envoy pick Sergio Gor hails New Delhi; cites Russian oil cuts as top concern
