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| Exchange Disseminated Time | FDC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 26, 2012, inter alia, have taken following decisions:
1. Pursuant to Section 77A(2)(a) and (b) of the Companies Act, 1956, the board of directors have approved the buyback of fully paid-up equity shares of Re. 1/- each of the Company, upto a maximum offer size of Rs. 5,000 Lacs and upto a maximum offer price of Rs. 110/- per equity share, from the open market transactions through stock exchanges, subject to approval of the shareholders through postal ballot notice.
2. The maximum number of shares under the buyback will be 62,50,000 equity shares and the minimum number of shares under the buyback will be 15,62,500 equity shares. |
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