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HCL Technologies to buy-back shares worth Rs 3,500 crore

HCL Technologies (HCL) will buy-back shares worth Rs 3,500 crore. The company has proposed an offer for buyback of equity shares for cash at a price of Rs 1,000 per equity shares on a proportionate basis through tender offer process.

The buyback size represents 16.39% and 13.62% of the aggregate of the fully paid-up equity share capital and free reserves as per the standalone and consolidated audited accounts of the company for the financial year ended March 31, 2016.

HCL Technologies (HCL) is a leading global IT services company that helps global enterprises re–imagine and transform their businesses through Digital technology transformation.

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