SASKEN | Sasken Communication Technologies Limited | Buy BACK
Sasken Communication Technologies Limited has informed the Exchange vide its letter dated August 25, 2008, that: "This has reference to the Public Notice cum Public Announcement dated April 18, 2008 regarding the buyback of equity shares pursuant to the provisions of Sec 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998. We also refer to the letter dated May 2, 2008 of JM Financial Consultants P Ltd. regarding postponement of the above buyback, pending receipt of approval from Securities and Exchange Board of India (SEBI). SEBI, vide its letters dated April 29, 2008, May 29, 2008, July 25, 2008 and August 18, 2008 had imposed certain conditions / directives on us in the implementation of the proposed buyback of shares. We wish to inform you that we have filed today, an appeal before the Securities Appellate Tribunal such that the Company is permitted to proceed with the Buy Back Scheme with the same conditions as set out in its Public Notice cum Public Announcement dated April 18, 2008".
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