Infosys’ biggest-ever share buyback programme worth ₹18,000 crore has opened today (20 November 2025). The company has set the buyback price at ₹1,800 per share, offering a significant premium over the current market price. At 2 PM on 20 November, Infosys shares were trading at ₹1,537.

Market experts advise shareholders to understand the tax implications and other important points before deciding whether to participate in the buyback. Here are the six most important things you should know:

Only those investors can apply for this buyback whose Infosys shares were present in their demat accounts on 14 November 2025, the record date.
Anyone who bought shares after this date will not be eligible. Infosys aims to repurchase around 2.4% of its total shares, which means the acceptance ratio is expected to be reasonable.

Infosys’ buyback price of ₹1,800 per share looks attractive, but the new tax rules change the final benefit for investors.
Under the revised rules:

• Profit earned from buyback is now treated as “Income from Other Sources”.




• Tax will be levied based on the investor’s individual tax slab.
  This is a major change since earlier, the company used to pay 20% buyback tax, and investors received tax-free gains.
  Now, high-tax-slab investors may have to pay more tax on buyback gains.

Before opting for the buyback, investors should compare how much they can earn by selling shares directly in the open market.

Tax rules:

• If you sell shares after holding them for 12 months, you pay 12.5% Long-Term Capital Gains (LTCG) tax.




• If sold within 12 months, you pay 20% Short-Term Capital Gains (STCG) tax.




• LTCG up to ₹1.25 lakh per financial year is tax-free.

This comparison will help investors decide whether open-market selling is more beneficial.

Infosys will deduct TDS (Tax Deducted at Source) on the profit earned through the buyback.

• TDS rate: 10% on profits above ₹1,000.
  Investors in lower tax slabs can later claim a refund, but it may temporarily affect their cash flow.

Infosys promoters have announced that they will not participate in the buyback.
This increases the acceptance ratio for public shareholders, though full acceptance is not guaranteed, especially for large shareholders.

Investors holding Infosys shares worth ₹2 lakh or less (as on record date) fall under the “Small Shareholder” category.
They get a higher reserved quota, increasing the chances of their shares being accepted in the buyback.