Hcl Technologies Ltd. - Board Meeting-Outcome of Board Meeting

Further to our letter dated July 9, 2018, we wish to inform you that, the Board of Directors of the Company, in its meeting held today, i.e. on July 12, 2018, have approved the Buy-back of up to 3,63,63,636 (Three Crores Sixty Three Lacs Sixty Three Thousand Six Hundred and Thirty Six) fully paid up equity shares of the Company of face value of ?2 each (representing 2.61% of the fully paid-up equity shares of the Company outstanding as on March 31, 2018 and as on date) at a price of ?1,100 (Rupees One Thousand and One Hundred) per equity share payable in cash for an aggregate amount not exceeding ?4,000 crores (Rupees Four Thousand Crores only) (hereinafter referred to as the Buy-back Size) which is 14.83% and 11.59%, of the fully paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone and consolidated financial statements of the Company, respectively, for the financial year ended March 31, 2018.

Pdf Link: Hcl Technologies Ltd. - Board Meeting-Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 12, 2018

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