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Tech Mahindra का Rs. 2,000 Crore का Buy Back
Tech Mahindra Limited is a multinational company headquartered at Pune and has
its registered office in Mumbai.
Tech Mahindra represents the connected world, offering innovative and customer-centric
information technology experiences, enabling Enterprises, Associates and the Society to Rise.
Details of Buyback:
Approved the proposal to the buyback of not exceeding 20,585,000 equity shares
(representing 2.10% of the total number of equity shares in the paid-up share capital of the Company)
at a price of Rs. 950 per equity share (the “Buy Back Offer_Price”) payable in cash for an aggregate
consideration not exceeding Rs. 1,956 Crore (the “Buyback Offer Size”) through ” Tender Offer“.
Buy Back Offer Deal:
Buyback Type: Tender Offer
Buyback Record Date: Mar 06 2019
Date of Board Meeting approving the proposal: Feb 21 2019
Date of Public Announcement: Feb 21 2019
Buyback Offer Size: 2.10%
Buyback Number of Shares: 20,585,000
Price Type: Tender Offer
FV: 5
Buyback Price: 950 Per Equity Share
Tech Mahindra to buyback shares at 15.79% premium.
Tech Mahindra Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Tech Mahindra shares in their Demat account as
record date 06-March-2019. Investors can participate in the Tech Mahindra Buyback 2019 scheme as per the
opening form by selling your shares. The payment will be given as per the accepted shares by the company
under the Tech Mahindra buyback scheme.
Following the announcement, shares of the company closed 1.07 per cent higher at Rs 820.40, against a previous
closing level of 811.75, on the Bombay Stock Exchange. During the day’s trade, stock touched an intra-day high
of 840.10 after opening at Rs 814.50.
Tech Mahindra has announced a buyback of Rs.1956 Cr @Rs.950 for each as Buyback Price.
Tech Mahindra Buyback Record Date is 6th March 2019
Tech Mahindra का Rs. 2,000 Crore का Buy Back
Tech Mahindra Limited is a multinational company headquartered at Pune and has
its registered office in Mumbai.
Tech Mahindra represents the connected world, offering innovative and customer-centric
information technology experiences, enabling Enterprises, Associates and the Society to Rise.
Details of Buyback:
Approved the proposal to the buyback of not exceeding 20,585,000 equity shares
(representing 2.10% of the total number of equity shares in the paid-up share capital of the Company)
at a price of Rs. 950 per equity share (the “Buy Back Offer_Price”) payable in cash for an aggregate
consideration not exceeding Rs. 1,956 Crore (the “Buyback Offer Size”) through ” Tender Offer“.
Buy Back Offer Deal:
Buyback Type: Tender Offer
Buyback Record Date: Mar 06 2019
Date of Board Meeting approving the proposal: Feb 21 2019
Date of Public Announcement: Feb 21 2019
Buyback Offer Size: 2.10%
Buyback Number of Shares: 20,585,000
Price Type: Tender Offer
FV: 5
Buyback Price: 950 Per Equity Share
Tech Mahindra to buyback shares at 15.79% premium.
Tech Mahindra Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Tech Mahindra shares in their Demat account as
record date 06-March-2019. Investors can participate in the Tech Mahindra Buyback 2019 scheme as per the
opening form by selling your shares. The payment will be given as per the accepted shares by the company
under the Tech Mahindra buyback scheme.
Following the announcement, shares of the company closed 1.07 per cent higher at Rs 820.40, against a previous
closing level of 811.75, on the Bombay Stock Exchange. During the day’s trade, stock touched an intra-day high
of 840.10 after opening at Rs 814.50.
Tech Mahindra has announced a buyback of Rs.1956 Cr @Rs.950 for each as Buyback Price.
Tech Mahindra Buyback Record Date is 6th March 2019