HP on Sunday announced its intention of buying up the outstanding stake in the company at an indicative price of Rs 750 per share.
HP, which is one of the leaders in the manufacture of personal computers, has made an offer to the outstanding shareholders of the Indian tech major to buy out the remaining stake in the company at a premium of 14.15 per cent or Rs 43 to the closing price of the stock of Rs 657 on BSE on Friday, 28 November 2003.
