If I understand correctly, 1850/share is the maximum buyback price they will take the shares back. They can buyback at any price between CMP – 1850. Its not that they have to buyback everything only at 1850. Its an open market buyback so there is no fixed buyback price like the tender route where the company has to pay a fixed buyback price to each shareholder who tenders the shares. Last 2 buybacks from Infosys are open market buybacks.
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