Sasken buyback begins on Monday

The ₹108-crore buyback offer from Sasken Communication Technologies will begin on Monday. The buyback proposal will be through tender offer route. The offer will close on August 24 Sasken has decided to buy-back 41.57 lakh equity shares, representing 19.48 per cent of total paid-up equity share capital of the company, at a price of ₹260 apiece. Promoters have also expressed interest to participate in the process and cumulatively offer about 6.88 lakh shares in the process.