The Board of Directors of HCL Technologies Ltd, in its meeting held today, i.e. on July 12, 2018, have approved the Buy-back of up to 3,63,63,636 (Three Crores Sixty Three Lacs Sixty Three Thousand Six Hundred and Thirty Six) fully paid up equity shares of the Company of face value of Rs. 2 each (representing 2.61% of the fully paid-up equity shares of the Company outstanding as on March 31, 2018 and as on date) at a price of Rs. 1,100 (Rupees One Thousand and One Hundred) per equity share payable in cash for an aggregate amount not exceeding Rs. 4,000 crores (Rupees Four Thousand Crores only) (hereinafter referred to as the 'Buy-back Size') which is 14.83% and 11.59%, of the fully paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone and consolidated financial statements of the Company, respectively, for the financial year ended March 31, 2018.
Shares of HCL TECHNOLOGIES LTD. was last trading in BSE at Rs.1005.3 as compared to the previous close of Rs. 995.05. The total number of shares traded during the day was 302298 in over 9148 trades.
The stock hit an intraday high of Rs. 1019.7 and intraday low of 1000. The net turnover during the day was Rs. 305197919.