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HCL Tech Approves Up To Rs 3,500 Crore Share Buyback

HCL Tech's board approved a repurchase of up to 35 million shares at Rs 1,000 each, the company said in a stock exchange filing.
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HCL Tech Approves Up To Rs 3,500 Crore Share Buyback
Mumbai: HCL Technologies, India's fourth-biggest software services exporter, will buy back shares worth up to Rs 3,500 crore, it said on Monday, following a similar move by Tata Consultancy Services last month.

HCL Tech's board approved a repurchase of up to 35 million shares at Rs 1,000 each, the company said in a stock exchange filing.

TCS, India's top IT firm, in February announced a buyback of shares worth up to Rs 16,000 crore.

© Thomson Reuters 2017



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