HCL Technologies Buyback Details

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HCL Technologies board clears Rs 4,000 crore share buyback at Rs 1,100 apiece

The board of India’s third-largest IT firm HCL Technologies on Thursday approved a share buyback of up to Rs 4,000 crore at Rs 1,100 apiece.

The buyback will not exceed Rs 4,000 crore, which is 14.83 per cent and 11.59 per cent, of the fully paid-up equity share capital and free reserves (including securities premium account), the company said in a regulatory filing post market hours.

The shares of the company earlier in the day closed at Rs 1,005.30, up by 1.03 per cent or Rs 10.25.



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