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| Exchange Received Time 16/06/2017 20:16:15 Exchange Disseminated Time 16/06/2017 20:16:18 Time Taken 00:00:03 | We would like to inform you that the Buyback Committee in meeting held today i.e., June 16, 2017, has amongst other things, approved the following:
Buy-back of upto 33,43,000 Fully paid-up equity shares under the Buyback Offer, representing 10.32% of the total paid-up equity share capital of the company at final Buyback price of Rs. 350/- (Rupees Three Hundred and Fifty Only) per share of face value Rs. 10/- each for an aggregate amount not exceeding Rs.117,00,50,000 (excluding transaction cost, viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., cost for the intermediaries appointed for the Buyback and other incidental costs) which is 24.83% of the Paid-up equity share capital and free reserves of the Company for the Financial Year ended March 31, 2017.
Record Date as June 30, 2017 for the purpose of determining the entitlement and the names of the shareholders who are eligible to participate in the Buyback Offer of the Company.
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