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Mastek to buy back shares

CHENNAI: Mastek has recommended to shareholders the repurchase of its shares up to Rs. 65 crore. According to a release, purchases will be made through open market transactions. The company has reported a net profit of Rs. 25.12 crore for the quarter ended September 30, 2007 against Rs. 23.65 crore in the same quarter in 2006-07. Total revenue has risen by 38 per cent to Rs. 211.43 crore from Rs. 176.33 crore. — Corporate Reporter

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