0102-2008 Sasken Communication Technologies Limited vs Securities and Exchange Board of India and Another
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of India Limited (“NSE”) in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 (the “Act”) and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998 (the “Buy-Back Regulations”) at a price not exceeding Rs. 260.00 per Equity Share (“Maximum Offer Price”) payable in cash, for an aggregate amount not exceeding Rs. 4,000.00 lakhs (“Offer Size”). The Offer Size represents 9.45% of the aggregate of the Company’s total paid-up equity capital and free reserves as on March 31, 2008 (the date of the latest standalone audited
BEFORE THE SECURITIES APPELLATE TRIBUNAL MUMBAI Appeal No. 102 of 2008 Date of decision : 26.9.2008 Sasken Communication Technologies Limited …… Appellant Versus
1. Securities and Exchange Board of India 2. JM Financial Consultants Private Limited
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