Sasken board to consider buyback

The board of directors of Sasken Communication Technologies will meet on Thursday to consider a buyback proposal. Market participants will be keen to know about the size and price. Currently, about 27,600 small investors hold a 23.67 per cent stake in Sasken and 55 high net worth individuals own 8.82 per cent. FIIs hold 2.91 per cent stake in the company and domestic funds conrol 10.57 per cent. Already shares have been reacting positively on buyback plan.