Nandan Nilekani and Sudha Murty Withdraw from Infosys Buyback

Prominent investors and members of the promoter group of Infosys, including Nandan Nilekani and Sudha Murty, have chosen not to participate in the company’s latest share buyback, valued at ₹18,000 crore. This decision was disclosed in a regulatory filing issued today, indicating a significant move within the firm’s leadership.

As of the buyback announcement, the promoters collectively held 13.05% of Infosys’s equity. The filing further noted that the voting rights of these promoters could fluctuate based on their engagement with the buyback process. The promoter group comprises co-founder N R Narayana Murthy and his family, including his wife Sudha Murty, daughter Akshata Murty, and son Rohan Murty. Additionally, Nilekani’s family, including his wife Rohini and children Nihar and Janhavi, are included in this group.

The board of Infosys approved the share buyback during a meeting held on September 11, 2025. The buyback plan entails repurchasing 10 crore fully paid-up equity shares with a face value of ₹5 each, at a price of ₹1,800 per share. This initiative represents up to 2.41% of the total paid-up equity share capital of the company.

This buyback aligns with Infosys’s established capital allocation policy, which aims to return approximately 85% of its free cash flow cumulatively over a five-year period. This return will be executed through semi-annual dividends and/or share buybacks and special dividends. Furthermore, the company intends to gradually increase its annual dividend per share, excluding special dividends.

The regulatory filing emphasized that the buyback is expected to enhance long-term shareholder value by reducing the equity base. By opting out, Nilekani and Murty’s decision may signal strategic financial planning as shares become available for other investors, potentially influencing the market dynamics surrounding Infosys.