Should Infosys Go Ahead With Share Buyback?

Infosys was started under the leadership of N. R. Narayana Murthy (Murthy) in Pune, India, in the year 1981. Later, the company shifted its main office to Bangalore (Refer to Exhibit 1 for key events of Infosys Ltd). From a starting capital of US$ 250, it grew to become a US$ 8.53 billion turnover company with a market capitalization of approximately US$ 31.87 billion by 2014. It was the first IT company from India to be listed on NASDAQ. Infosys established itself as a global leader in IT consulting, technology, and outsourcing solutions and contributed greatly in making India known globally in the field of information technology services. It was known as an ethical and well governed company and had won the Most Admired Knowledge Enterprises (MAKE) award 12 times. It had also won many national and international awards for good corporate governance, green initiatives, innovation, employee training and welfare, etc...