Patni Computer Systems Ltd has announced that the Board of Directors of the Company at its meeting held on February 07, 2008, inter alia, has recommended a final dividend of Rs 3/- per share i.e. 150% for the year 2007 (previous year 150%), subject to approval of the members at the Annual General Meeting.
The Board approved a Buyback of Equity Shares from open market through Stock Exchanges in India at a maximum price of Rs 325/- per share for an aggregate amount of Rs 2370 million.
The Board also recommended repricing of outstanding Employee Stock Options at Current market price.
The Stock was trading at Rs.284.90, up by Rs.6.25 or 2.24%. The stock hit an intraday high of Rs.299.90 and low of Rs.275.05.
The total traded quantity was 212008 compared to 2 week average of 101461.