Comments
Rating agency CRISIL has bought back 5.11 lakh equity shares at an average price of ₹1,992.02 a share.
In an announcement, CRISIL said it had utilised over ₹101.97 crore for the buyback offer, excluding transactions costs. This is 99.98 per cent of its buyback offer chest of ₹102 crore.
The highest price at which the shares were bought back was ₹2,000 a share while the lowest price was ₹1,965.55.
The company has extinguished 2.25 lakh equity shares to date and is in the process of extinguishing the remaining 2.86 lakh equity shares bought back. The equity shares bought back were in the demat segment from the BSE and the NSE.
With this, the paid-up share capital of CRISIL has reduced to over 7.09 crore from over 7.14 crore shares. The face value is ₹1 each. Promoter holding in CRISIL has now gone up to 67.43 per cent from 66.94 per cent and public shareholding to 32.57 per cent from 33.06 per.
On June 15, CRISIL had announced the buyback offer from the open market at a maximum price of ₹ 2,310 a share for an aggregate amount not exceeding ₹102 crore.
Comments
COMMENT NOW
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.