diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1ceda287..f7d56752 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,20 @@
 # Splunk Enterprise SDK for Python Changelog
 
+## Version 1.7.3
+
+### Bug fixes
+* [#493](https://github.com/splunk/splunk-sdk-python/pull/493) Fixed file permission for event_writer.py file [[issue#487](https://github.com/splunk/splunk-sdk-python/issues/487)]
+* [#500](https://github.com/splunk/splunk-sdk-python/pull/500) Replaced index_field with accelerated_field for kvstore [[issue#497](https://github.com/splunk/splunk-sdk-python/issues/497)]
+* [#502](https://github.com/splunk/splunk-sdk-python/pull/502) Updated check for IPv6 addresses
+
+### Minor changes
+* [#490](https://github.com/splunk/splunk-sdk-python/pull/490) Added ACL properties update feature
+* [#495](https://github.com/splunk/splunk-sdk-python/pull/495) Added Splunk 8.1 in GitHub Actions Matrix
+* [#485](https://github.com/splunk/splunk-sdk-python/pull/485) Added test case for cookie persistence
+* [#503](https://github.com/splunk/splunk-sdk-python/pull/503) README updates on accessing "service" instance in CSC and ModularInput apps
+* [#504](https://github.com/splunk/splunk-sdk-python/pull/504) Updated authentication token names in docs to reduce confusion
+* [#494](https://github.com/splunk/splunk-sdk-python/pull/494) Reuse splunklib.__version__ in handler.request 
+
 ## Version 1.7.2
 
 ### Minor changes
diff --git a/README.md b/README.md
index 8b78f644..e28232d9 100644
--- a/README.md
+++ b/README.md
@@ -3,7 +3,7 @@
 
 # The Splunk Enterprise Software Development Kit for Python
 
-#### Version 1.7.2
+#### Version 1.7.3
 
 The Splunk Enterprise Software Development Kit (SDK) for Python contains library code designed to enable developers to build applications using the Splunk platform.
 
@@ -30,7 +30,7 @@ Here's what you need to get going with the Splunk Enterprise SDK for Python.
 
 * Splunk Enterprise 9.0 or 8.2
 
-    The Splunk Enterprise SDK for Python has been tested with Splunk Enterprise 9.0 and 8.2
+    The Splunk Enterprise SDK for Python has been tested with Splunk Enterprise 9.0, 8.2 and 8.1
 
   If you haven't already installed Splunk Enterprise, download it [here](http://www.splunk.com/download). 
   For more information, see the Splunk Enterprise [_Installation Manual_](https://docs.splunk.com/Documentation/Splunk/latest/Installation).
diff --git a/splunklib/__init__.py b/splunklib/__init__.py
index 774cb757..31787bdc 100644
--- a/splunklib/__init__.py
+++ b/splunklib/__init__.py
@@ -31,5 +31,5 @@ def setup_logging(level, log_format=DEFAULT_LOG_FORMAT, date_format=DEFAULT_DATE
                         format=log_format,
                         datefmt=date_format)
 
-__version_info__ = (1, 7, 2)
+__version_info__ = (1, 7, 3)
 __version__ = ".".join(map(str, __version_info__))