|
| Exchange Disseminated Time 24/12/2016 08:59:13 | Sasken Communication Technologies Ltd has informed BSE that the Buyback Committee of the Board of Directors, at its meeting held on December 23, 2016, inter alia, considered the following:
- Fixed the Buyback Price of 410/- (Rupees Four hundred ten only) (the "Buyback Price") and the total consideration for Buyback to be Rs. 12,004.31 lakhs (Rupees Twelve thousand four lakhs and thirty one thousand only) (the "Buyback Size") excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., the total number of Equity Shares to be bought back in the Buy-back shall be 29,27,879 Equity Shares, representing 16.52% of the total issued and paid-up equity share capital of the Company as on March 31, 2016.The aforesaid terms of Buy-back are within the maximum limits approved by the Board of Directors at its meeting held on October 27, 2016 and as approved by shareholders by special resolution, through postal ballot, results of which have been announced on December 23, 2016.
The meeting was commenced at 6.45 p.m. and concluded at 7.15 p.m. |
|
|