HCL Technologies to consider share buyback

Mumbai, March 15 (IANS) Information technology major HCL Technologies on Wednesday announced that its Board of Directors will consider a share buyback proposal.

"A meeting of the Board of Directors of the company will be held on Monday, March 20, 2017, to consider a proposal for buyback of the equity shares of the company," the IT major informed the BSE in a regulatory filing.

"In terms of the code of conduct to regulate, monitor and report trading by insiders of the company, the trading window for trading in the securities of the company, shall remain closed up to the close of business on Wednesday, March 22, 2017 for designated persons."

The announcement was made after market hours on Wednesday. The company’s scrip at the BSE had declined by 1.52 per cent, or Rs 12.95, to Rs 839.90 per equity share from its previous close of Rs 852.85.