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| Exchange Disseminated Time | Motilal Oswal Investment Advisors Pvt Ltd ("Manager to the Buy back") on behalf of Jindal Poly Films Ltd ("Target Company") has informed this Announcement of fortnightly disclosure of the proposed Buyback of Target Company, which is in continuation of & should be read in conjunction with the "Public Notice cum Public Announcement" published on November 02, 2011 & Corrigendum to the Public Announcement published on November 22, 2011.
The shareholders of the Target Company may note that till December 23, 2011 the Target Company has purchased a total of 29,13,155 Equity Shares from the Open Market which is 72.83% of the maximum quantity (i.e. 40,00,000 Equity Shares) proposed for the Buy-back. The aggregate equity bought back during the fortnight from December 10, 2011 till December 23, 2011 is 4,65,259 equity shares i.e. 11.63% of proposed maximum Buy-back quantity, with 2,32,198 equity shares purchased through the Bombay Stock Exchange Ltd (BSE) and 2,33,061 equity shares purchased through the National Stock Exchange of India Ltd (NSE). The total amount that has been spent on the Buy-back during the fortnight from December 10, 2011 till December 23, 2011 is Rs. 8.04 crore which is 5.74% of the maximum amount (i.e. Rs. 140 crore) proposed for the Buy-back. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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