At meeting held on 27 October 2016
Sasken Communication Technologies announced that the Board of Directors of the Company at its meeting held on 27 October 2016 have approved the following -Approved buyback of shares upto 2824544 equity shares (representing 15.94% of the total paid up share capital) at a maximum price of Rs 425 per equity share and total consideration not exceeding Rs 120,04 crore.
The board approved the change in company name to 'Sasken Technologies' subject to approval of shareholders and other regulatory authorities.
The board has decided to exit from ConnectM Technology Solutions, the joint venture company by divesting its holding of 46.29%.
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