Honda Motorcycles and Scooters India (HMSI), the country#39;s second-largest manufacturer of two-wheelers, made the offer to "maintain its existence" in a competitive market, it said in a letter to its employees#39; union dated January 5.
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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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