Tech Mahindra board to meet for buyback

The board of Tech Mahindra will meet on Thursday to consider a proposal to buy back fully paid-up equity shares of the company. Shareholders would be keen to know the offer size and price. Besides, promoters’ interest would also evoke keen interest. Another important factor would be the mode of purchase — through the open market or through tender route on proportionate basis. If the latter is the mode of buyback, then the record date would be crucial.