Hexaware Technologies buy back capital worth over one arab
Shital Jibhe / 10 Jan 2017
IT consulting and software company, Hexaware Technologies, has announced updates on buyback of equity share capital worth Rs 1,36,67,60,400. The company is willing to buy back 56,94,835 equity shares of FV Rs 2 each at the price of Rs 240/share.
IT consulting and software company, Hexaware Technologies, has announced updates on buyback of equity share capital worth Rs 1,36,67,60,400. The company is willing to buy back 56,94,835 equity shares of FV Rs 2 each at the price of Rs 240/share. The decision was taken under the tender offer route on January 6. The shares represent 1.9 per cent of the total shares issued, subscribed and paid-up.
Hexaware Technologies, a leading application, infrastructure, BPS and digital service provider, opened with a gap-up but tumbled down on an intraday basis to close as lower as by 0.8%. The company shows a long term downtrend, and is currently trading below its multiple resistance range of 210-214 in 100 and 200 days EMA resistance levels.
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