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In a sign of the troubled times that the Indian IT sector has been going through, the management of Infosys may consider the option of a share buyback, according to people close to the IT major. The size of the share buyback could be a mammoth Rs 12,000 crore. Currently, Infosys has about Rs 38,000 crore cash on its books. Rewarding shareholders through a buyback is the best option to generate cash.
IT companies are facing global headwinds from events such as US President Donald Trump’s policies and his stance on H-1B visas. Last week, a new bill, proposing to more than double the minimum wages to USD 130,000 for foreigners working in the US under the H-1B visa, was tabled in the House of Representatives. The proposed changes in the visa regime may result in higher operational costs and shortage of skilled workers for the USD 110 billion Indian outsourcing industry.
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In a sign of the troubled times that the Indian IT sector has been going through, the management of Infosys may consider the option of a share buyback, according to people close to the IT major. The size of the share buyback could be a mammoth Rs 12,000 crore. Currently, Infosys has about Rs 38,000 crore cash on its books. Rewarding shareholders through a buyback is the best option to generate cash. 
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