rediff.com
REAL-TIME QUOTE
Enter Company or MF
e.g. Tata motors, Reliance MF, 500570
SUPREME PETROCHEM LTD. - Board approves Buy-Back of Equity Shares
Download announcement < Back
21 Apr 2014
Supreme Petrochem Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 21, 2014, inter alia, have approved:&lt;br/&gt;&lt;br/&gt;- The Buy back of the Companys fully paid-up equity shares of Rs. 10/- each from open market through the Stock Exchange mechanism, for an amount not exceeding Rs. 33.75 Crores (Rupees Thirty Three Crores Seventy Five Lacs only) including brokerage and other charges (&quot;Buyback Size&quot;) in cash from the BSE Limited and the National Stock Exchange of India Limited, subject to a price not exceeding Rs. 70/- per equity share and subject to a maximum of 60,00,000 equity shares and minimum of 24,10,715 equity shares. The Company shall utilize minimum of Rs. 16.875 Crores (Rupees Sixteen Crores Eighty Seven Lacs Fifty Thousand Only), which is 50% (Fifty per cent) of the Buyback Size.
View all announcements for SUPREME PETROCHEM LTD. Source: BSE India