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| Exchange Received Time 23/01/2018 18:22:24 Exchange Disseminated Time 23/01/2018 18:22:28 Time Taken 00:00:04 | | Approved the proposal for buy-back of 1,02,50,000 fully paid up equity shares of the Company having face value of ?2/- each ('Equity Shares') (representing up to 3.84% of the total paid-up equity share capital of the Company) at a price not exceeding ?80/- (Rupees Eighty only) per Equity Share payable in cash for a total consideration not exceeding ?82,00,00,000/- (Rupees Eighty Two Crores Only), excluding transaction costs viz. fees, brokerage, applicable taxes such as securities transaction tax, goods and services tax, stamp duty, etc., from all the equity shareholders/beneficial owners of Equity Shares of the Company including promoters and members of promoter group, as on the record date, on a proportionate basis through the "Tender Offer" route using stock exchange mechanism. |
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