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India’s second-biggest IT close Infosys said on Saturday it will buy aback shares account up to 130 billion rupees ($2 billion), a day afterwards Vishal Sikka accommodated as arch controlling afterwards a long-running altercation with the company’s founders.

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The lath of Bengaluru-headquartered Infosys accustomed the repurchase of 113 actor shares at 1,150 rupees apiece, the aggregation said in a b barter filing, abiding banknote to investors at a abundant exceptional to Friday’s closing amount of 923.25 rupees.

It is additionally at a exceptional of 17.9 percent to closing amount on Thursday, the day the aggregation a the exchanges about the lath affair to accede a buyback.

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The advertisement of the company’s first-ever acknowledgment could activity at atomic some acquittal to Infosys shareholders on Monday afterwards the amount of their backing fell about 10 percent on Friday afterward Sikka’s abruptness exit.

“If the all-embracing bazaar affect is good, you could see a 4-5 percent accretion attractive at this price,” said Arun Kejriwal, architect of Kejriwal Research & Investment Services.

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A arch official at state-run Life Insurance Corp (LIC), which owns a 7 percent pale in Infosys, said they were carefully ecology the bearings at the aggregation and were attractive to accommodated with the administration afore arch to participate in the buyback.

Friday’s sell-off prompted three U.S. law firms specializing in chic activity lawsuits to advertise that they are acid abeyant balance claims on account of Infosys investors that accept suffered losses.

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In a account backward on Friday, New York-based Rosen Law Close alleged on afflicted shareholders to appear advanced and said that it was investigating whether “Infosys may accept issued materially ambiguous business advice to the advance public.”

The added two firms investigating claims are Goldberg Law and Pomerantz LLP, which said they were acid whether Infosys or any of its officers, or admiral affianced in balance artifice or added actionable business practices, in ablaze of the allegations of babyminding lapses fabricated by architect admiral adjoin the lath of the company.

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Infosys’ American Depositary Receipts bankrupt over 7 percent lower at $14.79 Friday on the Nasdaq.

Infosys was not anon accessible for animadversion on statements fabricated by the U.S.-based law firms.

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Sikka, the aboriginal non-founder arch controlling of the company, appear his abrupt abandonment afterward a abiding war of words with the founders group, led by Narayana Murthy.

His backup will booty on the assignment of convalescent the company’s fortunes at a time back the $150 billion Indian IT casework area is adverse a bulk of challenges.

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“The allotment acknowledgment is absurd to allay broker sentiment,” said R.K. Gupta, managing administrator at Taurus Asset Administration which owns shares in Infosys.

“What will amount in the continued run is how able-bodied a new administration aggregation can advance the aggregation and bound tap the bazaar for transformation casework such as cloud.”

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