 "NIIT Technologies' shareholders approve Rs 337.4 cr buyback programme")
NIIT Technologies on Saturday said shareholders have approved its over Rs 337.4 crore buyback plan "by requisite majority".
In a regulatory filing, the company said its Board at a meeting on December 23, 2019 approved the proposal of buyback of up to 19,56,290 fully paid equity shares of a face value of Rs 10 each at a price of up to Rs 1,725 per share.
The buyback proposal through the tender offer route, aggregated up to Rs 337.46 crore.
"We wish to inform you that the shareholders of the company have approved the special resolution for the...matter by requisite majority on Feb 13, 2020 through e-voting and postal ballots process...," it said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app