Hinduja Global Solutions to consider share buyback, stock gains 5%

After having announced a 1:1 bonus issue, the company's board will now meet on January 14 to consider and explore potential mergers & acquisition opportunities, and quantum/ timings for share buyback.

Shares of Hinduja Global Solutions (HGS) moved higher by 5 per cent to Rs 2,985.70 on the BSE in Tuesday’s intra-day trade as the company announced buyback plan after an over 25 per cent correction in its stock price from record high level touched last week.

“A meeting of the board of directors of Hinduja Global Solutions will be held on January 14, 2022, to consider and explore quantum/ timings of buy-back of equity shares of the company,” HGS said in an exchange filing. The board will also consider potential mergers & acquisition opportunities, the company said.

At