HCL Tech approves up to $535 million share buyback | Reuters

MUMBAI HCL Technologies, India's fourth-biggest software services exporter, will buy back shares worth up to 35 billion rupees ($535.5 million), 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 at 1,000 rupees 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 160 billion rupees.

($1 = 65.3600 Indian rupees) (Reporting by Sankalp Phartiyal, editing by Louise Heavens)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Mar 20, 2017 21:51:33 IST

Also See