HCL Technologies mulls share buyback; e-voting for Infosys resolutions ends on March 31

HCL Technologies Ltd. appears to be the latest IT company to join the share buyback bandwagon. The company's board of directors will be meeting on March 20 to consider a proposal to the effect. Shares of HCL Technologies closed 1.84 percent higher at Rs 855 on the BSE on Thursday.

In another significant corporate news, Reliance Capital announced carving out its retail health insurance business from its general insurance arm.

A few days ago, Infosys had



initiated the first steps to a possible buyback of shares by seeking shareholder nod to alter its Articles of Association.

The e-voting for the enabling resolutions opened on March 2 and ends on March 31 at 5.30 pm.

Shareholders can log on to www.evoting.nsdl.com for details on the e-voting procedure.

TCS announced on February 20 its decision to buy back up to 5.61 crore shares (or about 2.8 percent of its paid up capital) at Rs 2,850 per share.