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| Exchange Received Time 07/02/2018 18:21:31 Exchange Disseminated Time 07/02/2018 18:21:35 Time Taken 00:00:04 | | With reference to our Intimation Letter dated February 03, 2018, we wish to inform you that the Board of Directors at its meeting held on February 07, 2018 has inter-alia approved the Buyback proposal for purchase by the Company of its own fully paid up Equity Shares of Re. 1/- each ('Equity Shares') from the equity shareholders of the Company as on the record date to be announced later, not exceeding 3,430,000 fully paid up Equity Shares ( being less than 10% of the total paid up equity capital of the Company) at a price of Rs. 350/- (Rupees Three Hundred Fifty only) per equity share ('Buyback Offer Price') for an aggregate amount not exceeding Rs. 120.05 Crores (Rupees One Hundred Twenty Crores and Five Lakhs only) ('Offer Size'), ( being less than 10% of the total paid up equity capital and free reserves of the Company as on March 31, 2017) from the equity shareholders of the Company on a proportionate basis through the "Tender Offer" route |
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