Infosys Share Buyback
Infosys Share Buyback News
For Infosys, the story is over but uncertainty has just begun. The share buyback is not going to help in the near term
The raison d'tre of buyback has always been its mischief potential, be it rubbing the creditors and minority shareholders on the wrong side or catering to self-preservation instincts of promoters. The altruistic spin sought to be given to buyback simply does not wash.
The demand for a massive share buyback by Infosys is a valid one, though one wishes the ex-CFOs who made it had done so when they were in the company