infinite computers : news update

Infinite Computer Solutions (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 23, 2015, have approved the Buy-Back of Company's fully paid up equity shares of Rs. 10/- each from the existing owners of shares from open market through stock exchanges in accordance with the provisions of Section 68, 69 and 70 of the Companies Act, 2013 and the SEBI (Buy-Back of Securities) Regulations 1998 at a price not exceeding Rs. 220/- per share payable in cash for an aggregate amount not exceeding Rs. 31 Crores. The offer size represents 5.73% of the aggregate of the Company's paid up equity capital and free reserves as on March 31, 2015.