Hinduja Global Solutions approves buyback of 6 mn shares at Rs 1,700 each

The buyback size represents 24.15 per cent and 13.19 per cent of the aggregate of the company's fully paid-up equity share capital and free reserves

Hinduja Group

Logo of Hinduja Group. (Photo courtesy: Wikipedia)

BS Web Team New Delhi
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. 

First Published: Dec 20 2022 | 10:32 AM IST

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