Market Live

Thursday, 25 May 2017

HCL Tech to buy-back shares at 17% premium

Information technology (IT) major HCL Technologies on Wednesday said that it will buy back 3.50 crore equity shares by offering a 17 per cent premium per unit. "The company is proposing to undertake the buy-back of up to 3,50,00,000 equity shares aggregating up to 2.48 per cent and 2.45 per cent of the fully paid-up equity share capital of the company as at March 31, 2016, and March 31, 2017, respectively," the company informed the BSE in a regulatory filing. The buy-back has been fixed at a price of Rs 1,000 per equity share "payable in cash" from the company's shareholders by way of tender offer through the stock exchange mechanism.

Get profit from the Financial Market with lots of profitable service packages and more click here--- http://www.ripplesadvisory.com/nifty-future-.php

Riyanshi

About Riyanshi

Author Description here..

Subscribe to this Blog via Email :

Note: only a member of this blog may post a comment.