Business Daily from THE HINDU group of publications
Tuesday, Sep 18, 2007
ePaper
News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

 Info-Tech - Software
Markets - Stocks
CTS announces 2-for-1 stock split

Chennai, Sept. 17

CTS today announced a two-for-one stock split on its capital stock in the form of a stock dividend. A release said that stockholders of record as of October 1, 2007 would be entitled to one additional share of common stock for each share held on the record date. In addition, the board of directors have authorised a share repurchase programme of up to $100 million of common stock over the next 12 months. The programme would be funded using cash on hand and cash generated from operations, the release added. Mr Francisco D'Souza, President and CEO, said: "With over $750 million cash and short-term investments on our balance sheet, we are well positioned to continue to capitalise on the robust demand environment for our expanding range of services." - Our Bureau

More Stories on : Software | Stocks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
UTStarcom bags Bharti Net TV deal

Component suppliers must get ‘technically industrialised’
Investors fear US slowdown could hit Indian IT firms
‘Intel was never in talks with Govt for fab facility’
HP, AOL in branding pact
Video buffers from Texas Instruments
Subex Azure plunges to a 52-week low
CTS announces 2-for-1 stock split
Finnish firm TietoEnator buys Fortuna
Moser Baer investing Rs 2,000 cr in Chennai plant
TRAI urges Govt to boost broadband growth
Omnitech ties up with Japan’s Sanwell
Cardamom traders decide to boycott e-auctions
Infosys joins shared assessments programme
Tally India looking at Rs 200-cr biz
Spice Tele rejigs top management

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line