After hedge fund Elliott Management asked for increased share buy backs at Cognizant, other domestic and foreign institutional investors are also demanding the same from the IT giants.
It will be a tender buyback with promoter participation and the company plans to fund it by monetising its investments, said MK Dhanuka, MD, Dhanuka Agritech.
Due to the adverse impact of the ongoing crisis in the eurozone, Amtek Auto tells CNBC-TV18 that it has restructured businesses so as to account for the drop in sales.