Mastek board approves buyback of shares

Mumbai- headquartered software company Mastek on Thursday announced that board of company has approved buyback of company's equity shares of Rs 5 each at a market price of Rs 250 each via open market transaction.

"The Board of Directors of the Company at the meeting held on January 8, 2014, has decided on buyback of company's equity shares via open market transaction," Mastek said in a filing to Bombay Stock Exchange.

The offer size represents 14.92 per cent of the aggregate of the company's paid up equity capital and free reserves as on March 31, 2013, the filing said.

Read more about: mastek
Story first published: Thursday, January 9, 2014, 12:48 [IST]
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