28. Share capital

As of

31 March 2026

$m

31 March 2025

$m

Issued, subscribed and fully paid-up shares (refer to note 5(b))

3,654,881,028 Ordinary shares of $0.50 each (March 2025: 3,670,529,876)

1,827

1,835

1,827

1,835

For the year ended

31 March 2026

31 March 2025

Number

of shares

Amount

$m

Number

of shares

Amount

$m

Opening balance

2,181,370

3

7,088,488

11

Purchased during the year1

10,536,678

29

3,023,896

5

Exercised during the year

(5,888,563)

(11)

(7,931,014)

(13)

Closing balance

6,829,485

21

2,181,370

3