MARKETS

BSE Prices delayed by 5 minutes... Prices as on Nov 13, 2018 - 9:46AM   ABB India 1317.2 [ 0.61% ]ACC 1426.85 [ -1.05% ]Ambuja Cements Ltd. 202.4 [ -0.37% ]Asian Paints Ltd. 1296.2 [ 1.62% ]Axis Bank Ltd. 611.85 [ 0.93% ]Bajaj Auto Ltd. 2628 [ -0.72% ]Bank of Baroda 107.8 [ -1.46% ]Bharti Airtel 293.3 [ -0.69% ]Bharat Heavy Ele 69.15 [ 0.36% ]Bharat Petroleum 302.5 [ 3.88% ]Britannia Ind. 5745.45 [ -0.15% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 529.35 [ -0.48% ]Coal India 265.4 [ 0.51% ]Colgate Palm. 1100 [ 0.72% ]Dabur India 369.45 [ -1.58% ]DLF Ltd. 171.2 [ -0.17% ]Dr. Reddy's Labs 2449.4 [ 1.50% ]GAIL (India) Ltd. 368.05 [ 0.96% ]Grasim Inds. 870 [ 1.17% ]HCL Technologies 1053 [ 1.90% ]HDFC 1796.35 [ 0.07% ]HDFC Bank 1912.8 [ -0.55% ]Hero MotoCorp 2848 [ 0.37% ]Hindustan Unilever L 1642.7 [ -0.67% ]Hindalco Indus. 230.25 [ 0.35% ]ICICI Bank 354.5 [ 0.62% ]IDFC L 38.25 [ 0.26% ]Indian Hotels Co 131 [ 0.27% ]IndusInd Bank 1492.55 [ 0.06% ]Infosys 665.3 [ 0.13% ]ITC Ltd. 275.1 [ 0.46% ]Jindal St & Pwr 178.3 [ -1.52% ]Kotak Mahindra Bank 1147.2 [ -0.75% ]L&T 1371.9 [ 0.36% ]Lupin Ltd. 862.25 [ 0.20% ]Mahi. & Mahi 781.4 [ 0.14% ]Maruti Suzuki India 7132.85 [ 0.83% ]MTNL 13.89 [ -0.43% ]Nestle India 10200.95 [ 0.83% ]NIIT Ltd. 79.75 [ 2.05% ]NMDC Ltd. 106.75 [ -0.19% ]NTPC 153.05 [ 0.16% ]ONGC 155.85 [ -0.10% ]Punj. NationlBak 70.2 [ 0.07% ]Power Grid Corpo 188.1 [ 1.13% ]Reliance Inds. 1081.6 [ 0.26% ]SBI 276.95 [ -0.29% ]Vedanta 204.65 [ 0.59% ]Shipping Corpn. 45.9 [ 0.99% ]Sun Pharma. 584 [ -0.94% ]Tata Chemicals 701.35 [ 0.39% ]Tata Global Beverage 216 [ 0.75% ]Tata Motors Ltd. 182.1 [ -2.07% ]Tata Steel 584 [ 0.19% ]Tata Power Co. 74.4 [ 0.07% ]Tata Consultancy 1933 [ 0.89% ]Tech Mahindra Ltd. 738 [ 1.86% ]UltraTech Cement 3768.75 [ 1.00% ]United Spirits 635.85 [ 0.59% ]Wipro Ltd 324.95 [ 0.36% ]Zee Entertainment En 436.95 [ -0.30% ]

News Details

You can view in detail.
HCL Tech board clears up to Rs 4000 cr buyback plan 13/07/2018 00:01

HCL Technologies said its board has approved up to Rs 4,000 crore buyback plan, involving up to 3.63 crore shares at a price of Rs 1,100 per equity share, reported PTI.

The buyback price translates into a 9.4 per cent premium over Thursday's closing price of HCL Tech shares.

The move by the company comes less than a month after its larger IT peer Tata Consultancy Services approved a plan to buyback shares up to Rs 16,000 crore.

In a regulatory filing today, HCL Technologies said: "...The board of directors of the company, in its meeting held today...Have approved the buy-back of up to 3,63,63,636 fully paid up equity shares of the company of face value of Rs 2 each...At a price of Rs 1,100 per equity share payable in cash..."

The total number of shares that the company proposes to buy back represents 2.61 per cent of fully paid up equity shares of the company, while the buyback size stands at up to Rs 4,000 crore.

"The buy back is proposed to be made from the shareholders of the company on a proportionate basis, through the tender offer route...," the statement added.

It is subject to the approval of the shareholders of the company through special resolution, it said.

As on July 11, 2018, promoter and promoters group held just over 60 per cent of the existing equity share capital of the company, while the holding of foreign investors stood at 26.85 per cent.

Indian financial institutions alongwith banks, insurance companies and alternate investments funds held close to four per cent in the company, and Mutual Funds another 5.51 per cent. The shareholding of Bodies corporate and trusts, and resident individuals stood at about 0.94 per cent and 2.45 per cent, respectively.

LOAD MORE