Infosys promoter Shreyas Shibulal has executed a significant share sale transaction, disposing of 19,92,860 equity shares through open market operations on December 10-11, 2025. The transaction, valued at ₹317.91 crores, represents a 0.05% reduction in the company's total shareholding.

Transaction Details

The share sale was conducted across two trading sessions with varying volumes and prices:

All transactions were executed through Cholamandalam Securities Limited, with shares held across multiple demat accounts under DPID IN300572.

Shareholding Impact

The sale has resulted in a notable change in Shibulal's ownership position within Infosys:

Shibulal's position remains significant as a promoter of the IT services giant, maintaining substantial voting rights despite the reduction.

Regulatory Compliance

The transaction disclosure was made in accordance with Regulation 29(2) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. Formal notifications were submitted to:

• BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai
• National Stock Exchange of India Limited
• Infosys Limited management at Electronics City, Bangalore

The disclosure confirms that no provisions of company rules or applicable laws were contravened during the transaction execution.

Market Context

Infosys Limited's equity share capital remains unchanged at ₹2,027.31 crores following this promoter sale. The open market transaction method indicates the shares were sold through regular stock exchange platforms, providing liquidity to institutional and retail investors. The sale represents a standard promoter divestment activity, with all regulatory requirements properly fulfilled through timely disclosure submissions on December 11, 2025.

Infosys , one of India's leading IT services companies, has successfully completed its largest share buyback to date, amounting to ₹18,000 crore. The company has now officially extinguished the repurchased shares, marking the final completion of the corporate action.

Buyback Completion and Share Extinguishment

The company has officially completed the extinguishment of 10 crore equity shares on December 4, as per regulatory requirements under SEBI Buy-Back Regulations. The shares were extinguished in dematerialized form through National Securities Depository Limited (NSDL).

Key Buyback Timeline and Details

The buyback process followed a structured timeline with specific regulatory milestones:

Regulatory Compliance and Documentation

Infosys has fulfilled all regulatory requirements under SEBI Buy-Back Regulations. The company issued a certificate of extinguishment dated December 9, confirming compliance with Regulation 11 of the Buyback Regulations. All extinguished shares were held in dematerialized form, with no physical shares tendered during the process.

Previous Buyback Highlights

The buyback received overwhelming investor response, being oversubscribed by approximately 8.28 times. Promoters, including N.R. Narayana Murthy, Nandan Nilekani, and Sudha Murty, did not participate in the buyback as previously announced.

Tax Implications for Investors

Investors should note the tax implications of the buyback:

• Gains from the buyback are taxed as 'income from other sources' at applicable slab rates
• The entire investment value is considered a capital loss
• The structure was particularly attractive for investors with other capital gains to offset

Impact on Share Capital Structure

With the completion of share extinguishment, Infosys has successfully reduced its equity base from 4,15,44,01,349 shares to 4,05,46,24,409 shares. This reduction represents the company's commitment to optimizing capital structure and returning surplus funds to shareholders efficiently.