From announcement at https://www.bseindia.com/xml-data/corpfiling/AttachLive/178246d2-a309-40ad-845f-ed2365eb66cf.pdf
Approved a proposal to buyback by the Company of up to 30,00,000 (Thirty Lakhs) fully paid-up
equity shares of face value of Rs. 2/- (Rupees Two only) each (“Equity Shares”) at a price not
exceeding Rs. 700/- (Rupees Seven Hundred only) per Equity Share (the “Maximum Buyback
Price”) payable in cash for an aggregate amount not exceeding 210,00,00,000/- (Rupees Two
Hundred and Ten Crores only) (the “Maximum Buyback Size”), from the shareholders of the
Company excluding promoters, promoter group and persons who are in control of the Company,
via the “Open Market” route through the stock exchanges mechanism,.
2. At the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum
number of Equity Shares bought back would be 30,00,000 (Thirty Lakhs) Equity Shares
(“Maximum Buyback Shares”) which is 1.64% of the total number of paid-up Equity Shares
of the Company.
Disc: Invested 3.5% of PF, looks like forming bottom and trend is reversing
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