"The Bengaluru Bench of the National Company Law Tribunal (NCLT) vide its order dated November 27, 2019 sanctioned the said Scheme involving the demerger of the power grids business of the company to APPSIL under the provisions of Sections 230 - 232 and other applicable provisions of the Companies Act, 2013," ABB India said in a regulatory filing.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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