Majesco’s board of directors has approved the proposal to buyback up to 74.7 lakh fully paid equity shares of Rs 5 each at a price of Rs 845 per equity share. This will comprise 25 per cent of total paid-up capital of the company. The buyback offer will not exceed an aggregate amount of Rs 631.26 crore.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.
