Infosys on Monday said it has almost completed its buyback programme and its buyback committee will meet on September 8 to consider closure of the buyback programme.
The stock has outperformed the market by gaining 13 per cent in the past one month
The development comes close on the heels of a $75 million (about Rs 559.6 crore) fund raise by the company from investors including LeapFrog and Khosla Ventures
Buyback is a corporate action in which a company buybacks its shares from the existing shareholders usually at a price higher than the market price
Walmart-owned Flipkart will undertake a buyback employee stock options worth about Rs 600 crore, according to sources.
Nearly 200 existing and former employees with vested options are eligible to participate in this process.
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The board of directors of the agrochemicals company is scheduled to meet on March 30, to consider share buyback proposal.
In the past six months, the stock of Aarti Drugs has underperformed the market by falling 7 per cent as against a 29 per cent rally in the Sensex
The stock is up for the second day in a row and has gained nearly 24 per cent in two days
The travel services firm said it plans to raise up to Rs 450 crore via the issue of Optionally Convertible Cumulative Redeemable Preference shares (OCCRPS) through private placement
he firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15
Thomas Cook India said its reported cash and bank deposits had dropped by Rs 146 crore to Rs 245 crore during the three months to June 2020.
The government, which holds 52.1 per cent of GAIL, is likely to participate in the GAIL buyback
3i Infotech Ltd has entered into definitive agreements to sell its software products business to the funds advised by Apax Partners for Rs 1,000 crore
The stock hit a fresh 52-week high of Rs 209.90 today, rallied 21% in past four trading days after the company announced share buyback plan.
Wipro on Tuesday said its up to Rs 9,500-crore share buyback programme will commence on December 29
The buyback offer will close on January 1, 2021.