Digicontent (NSE:DGCONTENT, BOM:542685) said its material unlisted wholly owned subsidiary, HT Digital Streams, approved on Tuesday a buyback of up to approximately 1.2 million equity shares, representing 9.42% of its equity capital, at 86.75 rupees per share.
The buyback will not alter the subsidiary's ownership, which will remain fully held by Digicontent, the company said in a Tuesday filing.