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The computer company Mphasis has announced that its bid will be open as of December 7. Its bid will end on December 20, she said in a document filed by BSE.
The payment of the consideration is set for January 1, 2019 and the final date for the extinguishment of the repurchased shares is January 8, he adds.
In August, Mphasis' board of directors had approved a proposal to repurchase shares from all existing shareholders. at a maximum price of Rs. 1,350 per share.
"The maximum number of shares to be redeemed with the maximum price is 7,320,555 shares … The size of the redemption offer of Rs 9,882.75 million is 25 percent of the total shares paid – equity and free reserves of the company according to the audited financial statements as of June 30, 2018 ", he said.
Last year, Mphasis had finalized the repurchase of 17.4 million shares for a total amount of 11.03 billion Rs.
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