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| Exchange Disseminated Time | KRBL Ltd has informed BSE that vide resolution of the Board of Directors of the Company at its meeting held on February 12, 2013, the Company had commenced the Buy-back of equity shares from the open market to Buy-back maximum of
1,00,00,000 equity shares at a maximum price of Rs. 35/- each.
Pursuant to the provisions of sub-section (4) of Section 77A, the buyback shall be completed within twelve months from the date of passing board resolution vide which company is authorized to buy back its own shares even though the maximum number of shares not bought back. Further the Company has informed that, during the period from February 12, 2013 to February 07, 2014, the Company has bought back 77,22,048 equity shares of Re. 1/- each as against the minimum Buy-back quantity of 25,00,000 equity shares.
The Board of Directors of the Company at their meeting held on January 16, 2014 has decided to close the Buy-back offer with effect from the closing of the trading hours of February 11, 2014, being the last date of Buy-back as per the Public Announcement dated February 13, 2013. |
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