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Outcome of the Buy-Back Committee meeting held on April 26, 2019

This is to inform you that the Buy-Back Committee of Board of Directors of the Company at its meeting held on April 26, 2019, which commenced at 5.00 p.m. and concluded at 5.45 p.m., inter-alia,  has determined the final Buy-Back price of ₹ 1,500/- (Rupees One Thousand Five Hundred Only) per equity share (the “Buy-Back Price”) and the aggregate amount of  Buy-Back upto  ₹ 2,620 Million (Rupees Two Thousand Six Hundred and Twenty Millions Only) (the “Buy-Back Size”) excluding the transaction costs incurred or to be incurred for the Buy-Back viz. brokerage, applicable taxes such as securities transaction tax, GST, stamp duty, filing fees, advisor fees, public announcement expenses, printing and dispatch expenses and other incidental and related expenses etc. With the Buyback price of ₹ 1,500/- (Rupees One Thousand Five Hundred Only) per equity share and the Buy-Back Size of upto ₹ 2,620 Millions (Rupees Two Thousand Six Hundred and Twenty Millions Only), the total number of shares to be bought back in the Buy-Back shall be upto 17,46,666 (Seventeen Lakhs Forty Six Thousand Six Hundred and Sixty Six) equity shares representing 4.52 % of the total number of equity shares in the total  paid-up equity share capital of the Company as on March 31, 2018.

 

Please click on the link below for the further information submitted to stock exchanges regarding Buy-Back of shares:

Outcome of Buy-Back Committee Meeting

 

April 26, 2019
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