SHARE REPURCHASE PLAN

12 Months Ended

Mar. 31, 2019

Treasury Stock, Number of Shares and Restriction Disclosures [Abstract]

SHARE REPURCHASES PLAN

SHARE REPURCHASE PLAN

During fiscal year 2019, the Company repurchased approximately 17.7 million shares for an aggregate purchase value of approximately $189.0 million and retired all of these shares.

Under the Company’s current share repurchase program, the Board of Directors authorized repurchases of its outstanding ordinary shares for up to $500 million in accordance with the share repurchase mandate approved by the Company’s shareholders at the date of the most recent Annual General Meeting held on August 16, 2018. As of March 31, 2019, shares in the aggregate amount of $324.5 million were available to be repurchased under the current plan.