 "Hinduja Group")
Hinduja Global Solutions, Hinduja Group's business process management entity, approved the buyback of 6 million shares worth Rs 1,020 crore in the board meeting held on Monday.
The shares, with a face value Rs 10 each, will be bought at "a buyback price not exceeding 1,700 (Rupees one thousand seven hundred only) per Maximum Buyback Price payable in cash, for an aggregate amount of up to 1,020,00,00,000 (Rupees one thousand and twenty crores only), excluding any expenses incurred or to be incurred for the Buyback..." it said in a regulatory filing.
"The indicative maximum number of equity shares to be bought back at the maximum buyback price subject to the buyback size are 6 million equity shares," it added.
