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HCL Technologies approves buyback of shares worth Rs.4,000 crore

HCL Technologies have given approval to buyback of fully paid up equity shares of the company, worth Rs.4,000 crore at Rs.1,100 per share.

The buyback is for up to 3.63 crore fully paid up equity shares, representing 2.61% of the total shares of the company and the buyback is at a premium of 9.4% to HCL Technologies’ closing price on Thursday.

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