Nucleus Software: eyes on buyback info

The board of directors of Nucleus Software Exports will meet on Monday to consider a proposal to buy back fully paid-up equity shares of the company up to “such amount of the aggregate of the company’s paid-up equity share capital and free reserves”. Shareholders will be keen to know the size, price and mode of buyback (whether it will be open market purchase or through tender offer). The record date will also be an important factor for market participants.