Infosys, India’s second-largest IT services company, announced a record-breaking buyback plan worth Rs 18,000 crore, representing about 2.41% of its paid-up equity capital. This is the first buyback in 3 years and has been well-received by most brokerages, with Jefferies and Nomura maintaining a ‘Buy’ rating on the stock. The buyback price has been fixed at Rs 1,800 per share.