Shriram Pistons and Rings Ltd will buyback nearly 3,50,000 shares for about Rs.35.70 Crore. In a filing to the stock exchanges, Shriram Pistons and Rings Ltd said it will buyback percent of the fully paid-up equity shares at a price of Rs.1020/- per equity share.
The board of directors of Shriram Pistons and Rings Ltd approved the proposal to buyback of not exceeding 3,50,000 Lakhs equity shares of the face value of Rs.10 each of the company (representing 1.56% 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.1020/- per equity for an aggregate consideration not exceeding Rs 35.70 crores,” it said.
Shriram Pistons and Rings Ltd Buyback 2021 Offer Details:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 12, 2021|
|Buyback Opening Date:||Sep 17, 2021|
|Buyback Closing Date:||Sep 30, 2021|
|Buyback Offer Amount:||₹42.20 Crore|
|Date of Board Meeting approving the proposal:||July 30, 2021|
|Date of Public Announcement:||Aug 03, 2021|
|Buyback Offer Size:||1.56%|
|Buyback Number of shares:||3,50,000|
|Price Type:||Tender Route|
|Maximum Buyback Price:||₹1020 Per Equity Share|