Business

Majesco announces Rs 631 cr share buyback plan

Insurance technology firm Majesco on Friday announced a share buyback plan of up to Rs 631.26 crore.

migrator

New Delhi

The buyback will open on November 27 and close on December 11.

"Maximum number of Equity Shares proposed to be bought back i.e. 74,70,540 equity shares multiplied by the buyback price i.e. Rs 845 aggregating up to Rs 631,26,06,300. The buyback size does not include any transaction costs," the offer document filed on the stock exchanges said.

The buyback represents 24.78 per cent of the total paid-up capital of the company.

Shares of Majesco closed 0.9 per cent up at Rs 934.35 on BSE on Friday.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

TNRDC cancels tender for Chennai Peripheral Ring Road’s final stretch

Posters question TVK candidate Sathyabama’s return to Dharapuram poll fray

TN Bypolls 2026: DMK-AIADMK colluding for Madurantakam, Dharapuram bypolls, alleges Minister Aadhav

IIT student suicides: 62% from SC, ST, OBC communities, says TN Cong president Tagore

3,550 special buses to ply crisscross TN for weekend, pournami rush

SCROLL FOR NEXT