7th-Feb-2018 18:21Source: BSE
FDC – Updates on Buy aback
With advertence to our Intimation Letter anachronous February 03, 2018, we ambition to acquaint you that the Board of Directors at its affair captivated on February 07, 2018 has inter-alia accustomed the Buyback angle for acquirement by the Company of its own absolutely paid up Disinterestedness Shares of Re. 1/- anniversary (”Equity Shares”) from the disinterestedness shareholders of the Company as on the almanac date to be appear later, not beyond 3,430,000 absolutely paid up Disinterestedness Shares ( actuality beneath than 10% of the absolute paid up disinterestedness basic of the Company) at a bulk of Rs. 350/- (Rupees Three Hundred Fifty only) per disinterestedness allotment (”Buyback Offer Price”) for an accumulated bulk not beyond Rs. 120.05 Crores (Rupees One Hundred Twenty Crores and Five Lakhs only) (”Offer Size”), ( actuality beneath than 10% of the absolute paid up disinterestedness basic and chargeless affluence of the Company as on March 31, 2017) from the disinterestedness shareholders of the Company on a commensurable base through the “Tender Offer” route
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