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| Exchange Disseminated Time 11/08/2017 19:14:50 | | Vinati Organics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2017, unanimously approved a buyback proposal for purchase by the Company of up to 2,00,000 equity shares of Rs. 2 each (representing 0.39% of the total equity capital), from all the shareholders of the Company on a proportionate basis through the "Tender Offer" route using the stock exchange mechanism as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 (the "Buyback Regulations") at a price of Rs. 1,200 (Rupees One Thousand Two Hundred only) per equity share, aggregating to approximately Rs. 24,00,00,000 (Rupees Twenty Four crores only) in accordance with the provisions of the Companies Act, 2013 and the Buyback Regulations (the "Buyback"). |
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