Sasken Technologies to buyback 11.68% stake for Rs 169.88 crore
24th Apr 2019

Sasken Technologies has received approval to Buy-back up to 19,98,678 fully paid up Equity Shares of the Company having face value of Rs 10 each representing 11.68% of the total number of equity shares of the Company at a price not exceeding Rs 850 per Equity Share payable in cash for a total consideration not exceeding Rs 169.88 crore which is 24.96% and 25.00% of the total paid-up equity capital and free reserves. The Board of Directors of the Company at its meeting held on April 23, 2019 has approved the same.

Sasken Technologies offers a range of services in areas of research & development consultancy, wireless software products and software services, and works with network OEMs, semiconductor vendors, terminal device OEMs and operators across the world.