Technocraft Industries (India) Limited (BSE:532804) announces a share repurchase program. Under the program, the company will repurchase up to 288,889 equity shares, representing 1.26% of the issued share capital, for INR 1,300 million. The shares will be repurchased at a price of INR 4,500 per share.
The company has fixed August 27, 2024 as record date for the offer. As of August 9, 2024, the company had 24,461,687 shares issued and outstanding.
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