Tulive Developers Limited - Board approves Buyback of Equity Shares

Tulive Developers Ltd has informed BSE that the Board of Directors in their Meeting held on October 27, 2017, inter alia, has approved the buyback of upto 850000 Equity Shares of the Company (the "Equity Shares") of the face value of Rs. 10 each at a price of Rs. 260/- per Equity Share aggregating to Rs. 221000000/- through the "Tender Offer" route as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998, as amended (the "Buyback Regulations") on a proportionate basis from the shareholders as on the record date (to be decided later), subject to the approval of shareholders by way of a special resolution through postal ballot and regulatory compliances required under applicable laws.