SIS approves share buyback of up to Rs 120 crore. Check details

SIS has approved a share buyback of up to Rs 120 crore at a maximum price of Rs 478.50 per share, a 10 percent premium to the previous close of Rs 435. The company could repurchase around 25 lakh shares under the proposal, taking cumulative capital returned to shareholders through buybacks and dividends to about Rs 720 crore. This is SIS's fifth buyback; it has bought back nearly 86 lakh shares across four prior programmes.