Infosys promoters, including co-founders like Narayan Murthy and Nandan Nilekani, will not participate in the company’s Rs 18,000 crore share buyback. This decision will lead to a slight increase in their shareholding percentage and could impact their voting rights. The buyback aims to return surplus funds to shareholders and enhance long-term value by reducing the equity base.
NSE said to set modest fee for its $2.5 billion India IPO
The National Stock Exchange of India is setting a modest advisory fee of around 0.65% for its upcoming IPO, potentially totaling $16.25 million. This contrasts