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HCL Technologies to consider buy-back of its equity shares in accordance with the applicable provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998. It will be discussed in the meeting of the Board of Directors of the Company is scheduled to be held on July 12, the company informed BSE.
HCL had announced buyback size of Rs 3,500 crore at 17 per cent premium last year.
Only last month another Mumbai-based IT major Tata Consultancy Services (TCS) board approved buy back for Rs 16,000 crore for its shares. TCS had announced similar offer in 2017 as well.
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