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S.P. Apparels Ltd - Corporate Action-Intimation of Buy back
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21 Sep 2022
We inform you that the Board of Directors of S.P. Apparels Limited (&apos;Company&apos;) at their meeting held today viz. September 21, 2022 have approved the proposal to buy back up to 6,00,000 fully paid up equity shares having a face value of ? 10 (Rupees Ten Only) each (&apos;Equity Shares&apos; or &apos;Shares&apos;) representing up to 2.34% of the total number of equity shares in the paid-up equity share capital of the Company, at a price of ? 585/- (Rupees Five Hundred and Eighty Five Only) per Equity Share (&apos;Buyback Price&apos;) payable in cash for a maximum amount not exceeding ? 35,10,00,000/-(Rupees Thirty Five Crore and Ten Lakh Only) (&apos;Buyback Size&apos;), representing 5.68% and 5.62% of the aggregate of the fully paid-up equity share capital and free reserves of the Company,as per the latest audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2022 respectively and is within the 10% limit of paid-up share capital and free reserves.
View all announcements for S.P. Apparels Ltd Source: BSE India