"The company has received the approval of the regulator (Securities and Exchange Board of India) on Thursday on the buyback and the offer letters will be dispatched to the shareholders by November 23," said the filing.
"The last date of receipt of tender forms is December 18 and the last date of settlement of bids on the stock exchanges is December 26," added the filing.
The outsourcing firm made the public offer on October 10 after its investors voted overwhelmingly in favour of the buyback resolution through postal ballot and electronic voting conducted from September 8 to October 7.
"The offer size is 20.51 per cent of the total paid-up capital and free reserves, aggregating up to 11.3-croreAshares or 4.92 per cent of the total shares for an amount not exceeding Rs 13,000 crore," said the company in an earlier filing.
The promoters, including co-founders N.R. Narayana Murthy and Nandan Nilekani have offered to sell 1.77 crore shares - valued at Rs 2,038 crore in the buyback offer.
The company's blue chip scrip, however, lost Rs 17.65 per share to close at Rs 970.95 per share at the end of Friday's trading on the BSE as against Thursday's price of Rs 988.60 after opening at Rs 989.80./Eom/380 words.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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