Nucleus Software announces Rs.159-Cr buyback offer

Nucleus Software Exports has announced a buyback offer of INR 158.7 crore from the equity shareholders on a proportionate basis through the tender offer route. The company will buy 22.6 lakh equity shares at INR 700 apiece. This comprises 7.81 % of the total paid-up equity capital of the company. The maximum buyback size represents 24.90 % and 24.01 % of the aggregate of the total paid up equity capital and free reserves of the company based on the financial statements of the company for FY 2021.