Shares of IT major Infosys are likely to be in the news today as its much-anticipated Rs. The record date for the 18,000 crore share buyback will be tomorrow, November 14. Investor attention has increased following the announcement, with multiple brokerage houses and research heads offering strategic advice ahead of the deadline.

The record date for the buyback is the cut-off date determined by the company as to which shareholders are eligible to participate in the buyback offer. In the case of Infosys, the record date is November 14, which means that only shareholders holding Infosys shares by the end of this date (or holding shares by November 13, as per T+1 settlement) will be eligible to tender their shares in the buyback.

If an investor buys Infosys shares on or after November 14, he will not be eligible for the buyback offer.

Rs. 18,000 crore buyback details: Largest in Infosys’ history

India’s second-largest IT services firm announced its biggest-ever share buyback proposal at Rs 1,800 per share, representing a premium of around 18-19% over the then market price.

The buyback will be conducted through tender route and will involve 10 crore shares, which is approximately 2.4% of the company’s paid-up share capital and reserves. The board approved the proposal on September 11 and received an overwhelming approval of 98.81% of the shareholders.

According to Saurabh Jain, head of fundamental research at SMC Global Securities, the move underscores Infosys’ strong cash position and its intention to return excess capital to shareholders. He noted that the buyback reflects the company’s confidence in its earnings visibility and overall business outlook. Additionally, the buyback is expected to have a positive impact on earnings per share (EPS) and support the valuation by reducing the overall share count.

The tender offer route implies that shareholders can tender their shares at a fixed price. However, acceptance will be on pro-rata basis. For retail investors, the acceptance ratio may vary between 20-25%, while Axis Securities has estimated a minimum acceptance ratio of 5% for small shareholders and 2% for non-retail. The record date for determining eligible shareholders has been confirmed as November 14, 2025.

What should investors do?

Nilesh Jain, Head Vice President, Equity Research (Technical & Derivatives) at Centrum Broking recommends buying Infosys shares from a short-term perspective.

He expects the stock to reach Rs. 1,550-1,600 will move towards the target while Rs. Will support at 1,450. “Historically, we have seen stocks react positively ahead of buybacks,” Jain noted, suggesting that current levels may offer a good entry point.

Ya Wealth Global Research Director Anuj Gupta also highlighted buybacks as a strategic opportunity for investors to book short-term gains. He advised that existing shareholders need to hold Infosys shares till November 14 to be eligible to participate in the offer.

With strong institutional support and multiple analyst calls highlighting the attractiveness of buybacks, Infosys is expected to be under close watch by market participants today as the final eligibility deadline approaches.

(disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of The Economic Times)