Corporate Announcement
Security Code : 506525    Company : KANORICHEM    
 
Board Approves Buy-Back of Shares 
  Exchange Disseminated Time     
Kanoria Chemicals & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 08, 2012, inter alia, have approved the Buy-back of fully paid up quity Shares of the Company of Rs. 5 each, at a price not exceeding Rs. 42 per Equity Share, payable in cash and not exceeding an aggregate amount of Rs 50.40 crores, which is within 10% of the Paid Up Capital and Free Reserves of the Company as per Audited accounts for the financial year ended March 31, 2012. The Buy-back shall be from the open market through Stock Exchange(s) .
 

Disclaimer

Back To Announcements