HCL Tech announces Rs.3,500cr share buyback @ 17 % premium

Country’s fourth largest software services firm HCL Technologies today said it will buy back shares at Rs. 1,000 apiece, a 17 percent premium over current trading price.

The company is proposing an offer for buyback of equity shares for cash at a price of Rs 1,000 per equity shares on a proportionate basis through tender offer process, HCL Technologies said in a regulatory filing.

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