Infosys said its promoters may participate in a ₹13,000-crore share buyback.

“Some of the members of the promoter and promoter group of the company have communicated their intention to participate in the proposed buyback,” Infosys said in a filing to the BSE on Monday.

The buyback, the company’s first, is subject to approval by the shareholders by means of a special resolution through a postal ballot. “The public announcement setting out the process, time lines and other requisite details will be released in due course.”

Infosys on August 19 announced it will buyback its fully paid-up equity shares of face value of ₹5 each, from the equity shareholders of the company for an amount not exceeding ₹13,000 crore. The offer size amounts to 20.51% of the total paid-up equity capital and free reserves of the company and will comprise of the purchase of 113,043,478 shares aggregating up to 4.92% of the paid-up equity capital of the company at a price of ₹1,150 per equity share.

The buyback plan was announced in April. The company then had decided to pay out ₹13,000 crore to shareholders through dividends or buy back shares by using 70% of its free cash flows. Various approvals from exchanges in both the U.S and India has led to the delay.

Infosys has $6.1 billion worth of cash at hand.