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| Exchange Disseminated Time 03/01/2017 13:13:01 | | Dhanuka Agritech Ltd has informed BSE that the Buyback Committee of Board of Directors of the Company at its meeting held on January 03, 2017, which commenced at 12:30 p.m. and concluded at 1:00 p.m., inter alia, have determined the Final Buyback Price of Rs. 850/- (Rupees Eight Hundred Fifty Only) (the “Buyback Price”) and the final amount for Buyback to be Rs. 80,00,00,000 (Rupees Eighty Crores Only) (the “Buyback Size”) excluding the transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc. With the Buyback price of Rs. 850/- (Rupees Eight Hundred Fifty Only) and Buyback Size of Rs. 80,00,00,000 (Rupees Eighty Crores Only), the total number of shares to be bought back in the Buyback shall be 9,41,176 Equity Shares, representing about 1.88% of the total issued and paid-up equity capital of the Company as on March 31, 2016.The aforesaid terms of Buyback are within the maximum limits approved by the Board of Directors at its Board Meeting held on November 10, 2016, and as approved by shareholders by Special Resolution, through Postal Ballot, results of which were announced on January 02, 2017. |
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