Monday, October 19, 2009

Zensar Technologies plans Rs40-crore share buy-back news

Zensar Technologies Ltd proposes to buy back up to 16.01 per cent of its aggregate paid-up equity share capital and free reserves for a total consideration of Rs40 crore.

Zensar Technologies said it would buy back 2,424,000 of its fully paid-up equity shares of the face value Rs10 each, at a price of Rs165 per share (payable in cash), for an aggregate amount of around Rs39.996 crore, from the existing shareholders of the company, through a tender offer

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