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 Corporate - Buyback
Info-Tech - Software
Sasken board okays buy back

Coimbatore, April 19

Sasken Communication Technologies Ltd's board of directors has decided to buy-back fully paid-up equity shares of Rs 10 each from the existing shareholders from the open market through stock exchanges. In a communication to the BSE, the company said the buy back of securities would be at a price not exceeding Rs 260 per share payable in cash for an aggregate amount not exceeding Rs 40 crore. The offer size represents 9.45 per cent of the aggregate of its paid-up equity capital and free reserves as on March 31. - Our Bureau

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