BWI: HOVS Board Approves Buy Back at Rs. 50/- per Share

Press release from Business Wire India
Source: HOV Services Limited
Tuesday, January 13, 2009 06:44 PM IST (01:14 PM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Stock exchanges
Release no: 18940
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HOVS Board Approves Buy Back at Rs. 50/- per Share


Chennai, Tamil Nadu, India, Tuesday, January 13, 2009 -- (Business Wire India) -- The Board of HOV Services Ltd.; (BSE: 532761), among India's top-tier BPO companies, has approved the buy-back of the Company's fully paid-up equity shares of Rs 10/- each from the existing owners of shares from the open market through Stock Exchanges at a price not exceeding Rs. 50/- per share payable in cash for an aggregate amount not exceeding Rs. 5 crore.

About HOV Services Limited

HOV Services Limited one of the largest end-to-end BPO company headquartered in Chennai, India provides Finance and Accounting services in the BFSI, Healthcare, Government, Telco, Publishing, Retail, Commercial and Industrial Manufacturing industries. Its clients include over 50% of the FORTUNE 100® and are some of the largest companies in the industries served. RightShore delivery centers strategically located in India, North America, China and Mexico with over 11,700 associates working together to Exceed Expectations® of our clients. For further details, log onto www.hovservices.com.


CONTACT DETAILS
Sunil Rajadhyaksha, Executive Director, HOV Services Limited, +91 98231 12402, sunil@handsonventures.com
David Franklin, Concept Communications, +91 93221 96698, david@conceptpr.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, STOCK EXCHANGES

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