Business Standard

Retail success rate to be high in Infosys buyback


Retail investors could see high success rate in the ~13,000-crore buyback of Infosys, starting on Thursday. While the ‘entitlemen­t ratio’ for retail shareholde­rs is 28 per cent, the ‘acceptance ratio’ could be as high as 50 per cent, say brokers. In other words, a retail shareholde­r holding 100 shares of Infosys can tender 28 shares under the buyback programme. However, if the shareholde­r tenders say 100 shares, it is likely that about 50 could be accepted. This is because typically most retail shareholde­rs don’t tender shares in buybacks. This trend was seen in recent buybacks of Wipro and HCL Technologi­es. Infosys buyback price is ~1,150, nearly 12 per cent higher than Friday’s close.

Newspapers in English

Newspapers from India