Mphasis Limited Undertakes Buyback Of Equity Shares

The Bangalore-based IT service player, Mphasis Ltd., has informed BSE regarding Schedule of Activities for the buyback of upto 17,370,078 equity shares of the Company, of the face value of Rs 10 each, at a price of Rs 635 per equity share.

The company will be dispatching a letter of offer for the buyback, to eligible shareholders of the company, holding shares as on record date i.e. March 31, 2017, on or before May 4, 2017.

The stocks of the company are currently trading in positive territory, up by 0.45%, at Rs 533.50 per share.

The market cap of the company stands at 11, 225.75 crore, with total traded quantity at 174 stocks.

The stocks of the company started their day opening at Rs 542 per share, which is also its high; and touched a low of Rs 528.80 per share.     

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