Majesco has declared a share buyback plan of up to Rs 631.26 crore. The buyback will open on November 27 and close on December 11. Maximum number of Equity Shares proposed to be bought back i.e. 74,70,540 equity shares multiplied by the buyback price i.e. Rs 845 aggregating up to Rs 631,26,06,300.
Majesco enables insurance business transformation for approximately 150 insurance customers by providing solutions which include software, consulting and services.