GHCL LTD. - Board approves Buy-Back of Equity Shares

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23 Jan 2020
GHCL Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on January 23, 2020, inter alia, has approved the following:<BR><BR>- Buy Back of Shares - Buy Back of the Companys fully paid-up equity shares of Rs. 10/- each from the Open Market through Stock Exchange route, at a Maximum Buyback Price of Rs. 250/- (Rupees Two Hundred and Fifty) per Equity Share excluding transaction costs / charges & applicable taxes, for an aggregate amount of Rs. 60 (Sixty) Crores. The maximum number of Equity Shares proposed to be bought back under the Buyback would be 32,00,000 (Thirty Two lakhs) Equity shares representing 3.26% which is less than 25% of the existing paid up equity capital of the Company.<BR><BR>The Board has also constituted a committee for the purposes of the Buyback (the "Buyback Committee") and has delegated its powers to the Buyback Committee to do or cause to be done all such acts, deeds, matters and things, in its discretion, deem necessary in connection with the Buyback.
View all announcements for GHCL LTD.	Source: BSE India

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