Nucleus Software Exports has received an approval to buy back 33.43 lakh equity shares representing up to 10.32% of the total paid-up equity share capital of the company. The buyback price is Rs 350 per share for an aggregate amount not exceeding Rs 117 crore, which is 24.83% of the paid-up equity share capital and free reserves of the company for the financial year ended 31 March 2017.
Nucleus Software Exports a leading provider of software solutions to the Banking, Financial Services Industry (BFSI). It has developed solutions spanning from retail banking to corporate banking, cash management, internet banking and credit cards.
