Insecticides (India) Limited will buyback nearly 10,43,478 crore shares for about Rs.60/- crore (Rupees Sixty crore only)/-. In a filing to the stock exchanges, Insecticides (India) Limited said it will buyback 8.20% percent of the fully paid-up equity shares at a price of Rs.575/- per share.
The board of directors of Insecticides (India) Limited approved the proposal to buyback of not exceeding 10,43,478 crore equity shares of face value of Rs 10 each of the company (representing 8.20% percent of the total number of fully paid-up equity shares in the paid-up share capital of the company) at a price of Rs 575 per equity for an aggregate consideration not exceeding Rs 60 crore,” it said.
Insecticides (India) Limited BuyBack 2021 Offer Deal:
|Buyback Type:||Open Market Offer|
|Buyback Record Date:||N/A|
|Buyback Offer Amount:||₹ 60 Crore|
|Date of Board Meeting approving the proposal:||Mar 30 2021|
|Date of Public Announcement:||Mar 30 2021|
|Buyback Offer Size:||8.20%|
|Buyback Number of shares:||10,43,478|
|Price Type:||Open Market|
|Buyback Price:||₹ 575 Per Equity Share|
Insecticides (India) Limited buyback of 10,43,478 equity shares which is around 8.20% of all the existing number of equity shares at a price of ₹575 per equity share. The buyback offer not exceeding of ₹ 60 crore of total buyback offer size.
Note: If anything you want to know about the buyback offer you can refer the Insecticides (India) Limited offer documents. Click Here