Comments
United Phosphorous has announced a buyback offer of up to Rs 288 crore.
The company’s board has fixed a maximum buyback price of Rs150 per share.
The company will extinguish about 8.78 per cent of its share capital as on March 31, 2012 (Rs 92.36 crore) through this offer.
The buyback will be done on the electronic trading platforms of the NSE and the BSE.
The last date for the buyback is May 6, 2013.
Citigroup Global Markets is the manager to the buyback offer.
On Friday, the scrip closed flat on the BSE at Rs119.2 per share, down 40 paise over its previous close.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.