Sasken share price made a new 52 week high in today’s trading session after the company announced its board of directors will meet on 23rd December to finalize the price for the proposed buyback.
In a filing to the Bombay Stock Exchange, the company said that a meeting of the buyback committee of the board of directors will be held on 23rd December 2016, inter alia, to finalize the price at which the shares will be bought back and to fix the record date to ascertain the shareholders who are eligible to participate in the proposed buy back.
Sasken further added that the outcome of the postal ballot / e-voting being conducted seeking shareholders approval will also be announced on 23rdDecember, 2016. As provided under Sasken’s code on insider trading, the trading window has been closed from 16th December until further notice in view of consideration of accounts for the quarter ending 31st December 2016.
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Sasken Communication Technologies Limited (earlier known as, Silicon Automation Systems, Inc.) is a publicly traded company. It is based in Bangalore, India, and offers research as well as development consultancy, wireless software products, software services along with network engineering services to semiconductor manufacturers, wireless handset developers, network equipment and test and measurement companies, and service providers globally. According to a survey, Sasken was ranked the second best company to work for in India in 2005 (rated first in 2004).
At 12.21 PM Sasken share price was trading at Rs 421.50, up by 1.74 per cent. Get the historical share price performance of Sasken at Sasken share price history.
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