The IT major had proposed to purchase back shares at a maximum price of Rs 1,750 apiece via open mark through Indian stock exchanges. The offer closed on September 8, 2021. From 2019-20, Infosys had enhanced its capital allocation plan and had said it will return 85% of free cash flow cumulatively over a five-year period via buyback and dividends. In April, Infosys board had recommended a capital return of Rs 15,600 crore, including a final dividend of Rs 6,400 crore and open market buyback of shares of Rs 9,200 crore.