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| Exchange Disseminated Time 05/11/2015 17:35:46 | | Tips Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2015, have considered and approved the proposal of buyback, including matters related/ incidental thereto, of fully paid - up equity shares of face value Rs. 10 each of the Company from the existing shareholders of the Company, for an amount not exceeding Rs. 6.80 crore (Rupees Six Crore and Eighty lacs only) (excluding brokerage, transactional charges and taxes, if any) (hereinafter referred to as the Maximum Offer Size"), being less than 10% of the total paid-up equity capital and free reserves of the Company as on March 31, 2015, at a price not exceeding Rs. 70/- (Rupees seventy only) per Equity Share (excluding brokerage, transactional charges and taxes, if any) (hereinafter referred to as the "Buy-back"). The Buy-back would be done from open market through the stock exchange mechanism. |
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