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| Exchange Received Time 17/09/2018 11:08:25 Exchange Disseminated Time 17/09/2018 11:08:29 Time Taken 00:00:04 | | Approved buyback proposal for purchase by the Company of its own fully paid equity shares of Rs. 2 each (Equity Share) not exceeding 1,11,20,000 Equity Shares (being 2.78% of the total paid-up equity capital of the Company) at a price of Rs. 125 (Rupees One Hundred and Twenty Five only) per Equity Share, for an aggregate amount of up to Rs. 1,390,000,000 ( Rupees One Hundred and Thirty Nine Crores Only) (excluding transaction costs viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, etc), being less than 10% of the total paid-up equity capital and free reserves of the Company as on March 31, 2018 (hereinafter referred to as the Buyback) from the shareholders of the Company on a proportionate basis through the tender offer route in accordance and consonance with the provisions contained in the Companies Act, 2013 and the SEBI (Buy Back of Securities) Regulations, 1998 (Buyback Regulations) (including any statutory modification(s) or re-enactment of the Companies Act, 2013 or Buyback Regulations). The public announcement setting out the process, timelines and other statutory details will be released in due course in accordance with the Buyback Regulations. |
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