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Star Cement Ltd - Announcement under Regulation 30 (LODR)-Meeting Updates

| Updated on June 21, 2019 Published on June 21, 2019

The Board of Directors of the Company at its meeting held on 21st June 2019, has approved a proposal to Buy- Back upto 68,00,000 fully paid- up Equity Shares of Face Value of Re.1/- each of the Company from all the Equity shareholders of the Company on a proportionate basis through the Tender Offer route using the Stock Exchange Mechanism as prescribed under the SEBI (Buy- Back of Securities) Regulations, 2018 as amended, at a price of Rs.150/- per share payable in cash for an aggregate consideration not exceeding Rs.102 crores representing 9.76% of the aggregate of the paid up equity share capital and free reserves as per the audited standalone financial statements of the Company for the financial year ended 31.03.2019.
We are enclosing herewith a certified copy of the Board Resolution passed at the meeting of the Board of Directors of the Company held on 21st June, 2019 in compliance with the SEBI (Buy- Back of Securities) Regulations, 2018 as amended.

Pdf Link: Star Cement Ltd - Announcement under Regulation 30 (LODR)-Meeting Updates

Source : BSE - www.bseindia.com

Published on June 21, 2019
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