resulting buyback closure date: 17 Nov 08.minimum number of shares Sasken is yet to buy back: 13,73,270.Assuming remaining shares will be bought at Rs.260.shares baught back till date: 336,692Īverage number of shares baught per day: 42,087 This blog helps you to keep track of the status. If you are planning to offer your shares for buyback this fiscal, then it becomes necessary to be aware of the closing date of buyback. Since, shares would be baught at Rs 260 or lesser, assuming average buy price as Rs.260, the minimum number of shares Sasken would buy is 15,38,461.īut, average price varies day-to-day in line with CMP. So, the maximum number of shares Sasken may buy this fiscal is 71,40,198 Amount allocated for buy-back this fiscal, which is fixed at Rs 40 CroreĪs per the rules, in a given financial year number of shares bought back cannot exceed 25% of total number shares. The number of shares that would be baught back this fiscal varies day-to-day based on:ġ. Total Shares issued by the company: 2,85,60,793ĭeadline to complete buyback of shares: 17 Apr 09 (buy back can end much before this date) Sasken has announced gradual buy-back of its shares from the open-market(which means that there is no way to ensure that shares sold electronically are bought by Sasken).
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