Others

Buy back

| Updated on January 24, 2018 Published on January 24, 2018

Approved the proposal for buy-back of 1,25,000 fully paid up equity shares of the Company having face value of ?10/- each (representing up to 3.90% of the total paid-up equity share capital of the Company) at a price not exceeding ?1700/- per Equity Share payable in cash for a total consideration not exceeding ?21,25,00,000 excluding transaction costs viz. fees, brokerage, applicable taxes such as securities transaction tax, goods and services tax, stamp duty, etc., from all the equity shareholders of the Company including promoters and members of promoter group, as on the record date, on a proportionate basis through the "Tender Offer" route using stock exchange mechanism. The buy-back offer size is within the limit of 25% of the total paid-up capital and free reserves of the Company.
The proposed buy-back offer is subject to approval of shareholders by way of special resolution through postal ballot.

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Source : BSE - www.bseindia.com

Published on January 24, 2018
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