Sasken Technologies gains 11% on share buyback proposal

The board of directors is scheduled to meet on April 23, 2019, to consider the proposal of buyback of equity shares of the company, quantum, and mode of buyback.

Sasken Technologies gained 11 per cent to Rs 729 in the intra-day trade on the BSE on Thursday after the IT services firm announced share buyback plan.

The company's board of directors will meet on April 23 to consider the proposal of buyback of equity shares of the company, quantum and mode of buyback, Sasken Technologies said in a BSE filing.

“The board will also consider the audited financial results of the company for the quarter and year ended March 31, 2019 and proposal for recommendation of final dividend,” the company said.

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