HCL Technologies gains 4% as board mulls share buyback proposal

HCL Technologies was up 4% to Rs 1,000 on the BSE in early morning trade as the company said on Monday after market hours that it will consider share buy-back on July 12.

HCL Technologies was up 4% to Rs 1,000 on the BSE in early morning trade after the company said on Monday after market hours that it will consider share buy-back on July 12.

"The Board of Directors of the Company is scheduled to be held on Thursday, July 12, 2018, to consider a proposal for buy-back of equity shares of the company," HCL Technologies said in a BSE filing.

The announcement comes within a month of Tata Consultancy Services (TCS), the country's largest software exporter, declaring an Rs 160 billion share buy-back programme at Rs 2,100 a share.