Infosys Gets SEC Relief on Tender Offer Norms for Buyback

Infosys Ltd. on Friday said it has received exemptive relief from the US Securities and Exchange Commission on certain aspects of tender offer procedures for its planned share buyback. The company had sought the relief due to conflicting regulatory requirements between Indian and US laws, it said in a filing.

On Thursday, Infosys’ board approved the buyback of up to 100 million shares (2.41% stake) at ₹1,800 per share, amounting to ₹180 billion.