Infosys Limited (NSEI:INFY) announces a share repurchase program. Under the program, the company will repurchase up to INR 82,600 million worth of its shares. The repurchase price will not exceed INR 800 per share. The purpose of repurchase program is to return surplus cash to shareholders, improve return on equity. The repurchased shares will be paid in cash available from company's free reserves. The repurchased shares will be cancelled. The program is subject to approval of the shareholders by way of a special resolution through the postal ballot. The repurchase program is valid till September 19, 2019, or when repurchases have been done to the maximum buyback size. As of January 9, 2019, the company had 4,368,647,898 shares in outstanding.