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Cigniti Technologies , a global leader in independent software testing services, has strengthened its board by appointing three industry leaders – RK Agarwal, a qualified Chartered Accountant; Phaneesh Murthy, global IT industry veteran; and Nooraine Fazal, Managing Trustee, CEO and Co-Founder of Inventure Academy — as independent directors. All the appointments will take effect from June 30, the company said. Shares of Cigniti slipped 1.85 per cent at ₹304.25 on the NSE.
Mindtree on Monday said it has fixed July 11 as the record date for determining the entitlement and the names of the equity shareholders for its ₹270-crore share buyback. The company will buy back up to 43.2 lakh shares, comprising 2.5 per cent of the total paid-up equity share capital, at a price of up to ₹625 an equity share. Shares of Mindtree closed flat at ₹529.05 on the NSE.
Reliance Capital Ltd , through a subsidiary, will invest ₹7 crore in Billionloans Financial Services Pvt Ltd, which runs a peer-to-peer lending platform. The seed funding by Reliance Corporate Advisory Services Ltd is in line with the strategy of Reliance Capital to expand its consumer lending business, the company said in an exchange filing on Monday. Billionloans’ online platform facilitates flexible and affordable financing options by matching borrowers with lenders and vice versa, and is a form of crowd-funding used to raise loans that are paid back with interest. Shares of Reliance Capital ended up 2 per cent at ₹656.55 on the NSE.
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