The ₹308-crore buyback offer from MOIL Ltd will open for subscription on Thursday, December 26, and end on January 8.
The PSU major is offering ₹152 a share to buy back about 2.03 crore shares, representing 7.87 per cent of the equity capital, from all the existing shareholders on a proportionate basis through the tender offer route. That means, shareholders whose names had appeared on the company’s book on November 27 (record date) are alone eligible to participate in the buyback.
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.