Tech Mahindra announces first ever share buyback(Mega Buyback Approved)
Tech Mahindra to buyback shares at 15.79% premium for Rs 1,956 crore.
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:
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|
|Buyback Price:||950 Per Equity Share|
Tech Mahindra to buyback shares at 15.79% premium.
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.