IT services firm HCL Technologies Tuesday said its Rs 40 billion buyback offer will commence on September 18.
The company's shareholders had last month approved the buyback proposal.
The date for opening of the buyback has been set for September 18 and will close on October 3, HCL Technologies said in a BSE filing.
In July, HCL Technologies had announced the buyback programme for FY19 at Rs 1,100 per share.
The buyback offer — for up to 36363,636 fully paid-up equity shares — is part of HCL Technologies' strategy to return more than 50 per cent of its net income to its shareholders.