Promoters of Infosys, such as Sudha Murty and Nandan Nilekani, choose not to participate in the ₹18,000-crore share buyback.

Promoters of Infosys, such as Nilekani and Sudha Murty, choose not to participate in the ₹18,000-crore buyback.

According to a regulatory filing on Wednesday, the promoters and promoter group of Infosys, which includes Sudha Murty and Nandan M. Nilekani, have chosen not to take part in the company's ₹18,000 crore share buyback.
As of the date of the buyback announcement, the promoters owned 13.05 percent of the company's shares.

Through letters dated September 14, 2025, September 16, 2025, September 17, 2025, September 18, 2025, and September 19, 2025, the company's promoter and promoter group have stated their decision to not take part in the buyback.

"Pursuant to the proposed Buyback and depending on the response to the Buyback, the voting rights of the Promoters and Promoter Group in the Company, which constitutes 13.05 per cent as on the date of the Public Announcement, may change," said Infosys.

The son Rohan Murty, daughter Akshata Murty, and wife Sudha N. Murty of firm co-founder N R Narayana Murthy are promoters of Infosys. Co-founder Nandan Nilekani, his wife Rohini Nilekani, and their kids Nihar and Janhavi Nilekani are also included. The company is also promoted by other co-founders and their families.

In a meeting on September 11, 2025, the Infosys board authorized the company's largest-ever share buyback, which was valued at ₹18,000 crore.

At ₹1,800 per share, Infosys would purchase 10 crore fully paid-up equity shares with a face value of ₹5, or up to 2.41 percent of the total paid-up equity share capital.

According to the filing, the buyback is being carried out after considering the medium-term strategic and operational cash needs as well as the requirement to efficiently return excess funds to the members in accordance with Infosys' capital allocation strategy.

According to the Capital Allocation Policy, "Effective from financial year 2025, the Company expects to continue its policy of returning approximately 85 per cent of the free cash flow cumulatively over a 5-year period through a combination of semi-annual dividends and/or share buyback/ special dividends, subject to applicable laws and requisite approvals, if any" .

The statement stated that, in accordance with the capital allocation policy, the buyback is expected to increase shareholder value over time by lowering the equity base, and that the business plans to gradually raise its annual dividend per share (excluding any special dividends).