Infosys’ massive Rs 18,000 crore share buyback is approaching. Zerodha co-founder Nithin Kamath advises investors to understand the tax rules. Gains from the buyback are taxed as income. The entire investment value is considered a capital loss. This buyback may be beneficial if you have other capital gains to offset. Shareholders must own Infosys shares by November 13 to qualify.
Infosys dividend alert! IT major announces Rs 26 per share dividend. Check record date
Infosys has declared an interim dividend of Rs 26 per equity share for its shareholders. The record date for this dividend is set for November