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Jindal Poly Films Ltd's board of directors will meet on October 31 to pass a revised resolution to enable the company start the buy back in compliance with SEBI regulations. The board had on August 12 approved buy back up to 40,00,000 equity shares at a price up to Rs 350 a share aggregating Rs 140 crore.
Jindal Photo Investments Ltd, on behalf of all promoters of the company, had applied to SEBI seeking an exemption from increase in shareholding pursuant to the proposed buy back of equity shares by the company. The terms of buy back are proposed to be kept unchanged as approved by the board on August 12.
Shree Ganesh Jewellery House Ltd has entered into a joint venture with an Italian company SALP S.P.A., specialists in machine made light weight gold jewellery, to set up a gold jewellery manufacturing unit in India.
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