Mphasis plans buyback in FY07

A special committee of the board of directors of Mphasis BFL, which met yesterday, has cleared a proposal to buy back 10% of equity shares in the next financial year i.e. after April 10, 2006.

According to a release issued by Mphasis BFL to the BSE today,
"The details of the buy-back, including price, mode and the exact percentage, would be decided closer to the actual buy back in April 2006."