Majesco expects share buyback to be completed by December, subject to necessary approvals.
The board of Majesco Limited at its meeting held today approved a proposal of buyback of shares worth up to ₹631 crore. Majesco proposes to buyback up to 74,70,540 fully paid equity shares of ₹5/- each of the company, representing 25% of the total paid-up equity capital of the company as on September 30, 2020) at a price of Rs. 845.
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