OnMobile buys back Rs 23.76-cr worth shares

Our Bureau Mumbai | Updated on November 16, 2017 Published on July 09, 2012

OnMobile Global has bought back 40 lakh shares for Rs 23.76 crore. The average price a share works out to Rs 59.41.

The promoter holding post the buyback has gone up from 48.06 per cent to 49.75 per cent.

The stake of foreign investors fell from 22.29 per cent to 19.51 per cent post the buyback. DII stake fell from 2.01 per cent to 0.46 per cent after the buy back.

The stake of other shareholders (public and corporate) went up from 27.38 per cent to 30.28 per cent post the buyback.

In its public announcement (addendum) dated September 28, 2011, OnMobile had fixed a maximum buy back price of Rs 85 a share for buying up to 40 lakh shares taking the maximum offer size to Rs 25 crore.

The buyback commenced on September 30, 2011 and concluded on June 21.

PTI adds:

Foreign fund house Goldman Sachs Investments Mauritius on Monday sold 6.55 lakh shares of the company for Rs 2.22 crore through open market transaction. However, the buyer of the shares could not be ascertained immediately.

According to bulk data available with the stock exchanges, Goldman Sachs offloaded 6,55,632 shares of OnMobile Global for Rs 34.01 apiece, valuing the deal to Rs 2.22 crore.

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Published on July 09, 2012
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