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| Exchange Received Time 12/03/2018 20:44:52 Exchange Disseminated Time 12/03/2018 20:44:58 Time Taken 00:00:06 | With reference to the captioned subject and reference given, we wish to inform you that the Buy-back Committee of the Company, in its meeting held today viz. Monday, 12th March, 2018, has, inter alia:
1. Approved and finalized buy-back of up to 1,02,50,000 (One Crore Two Lac Fifty Thousand) fully paid-up equity shares of the Company having face value of Rs. 2/- (Rupees Two Only) each at the price of Rs. 80/- (Rupees Eighty Only) per equity share ('Buy-back Price') payable in cash for a total consideration not exceeding Rs. 82,00,00,000/- (Rupees Eighty Two Crore Only) ('Buy-back Size') excluding transaction costs i.e. fees, brokerage, applicable taxes such as securities transaction tax, goods and services tax, stamp duty, etc.
2. Fixed Friday, 23rd March, 2018 as the record date for determining the equity shareholders of the Company eligible to tender equity shares under the buy-back offer.
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