Jindal Poly Films Board approves Buy-back of equity shares
The proposed Buy-back will be from open market and through stock exchanges, upto a maximum of 70,23,970 equity shares, being 25% of the total existing Equity Shares of the Company; at a price not exceeding Rs 350 per share with total aggregate consideration for the Buy-back limited to Rs 150.00 crore (Rupees One hundred fifty crore).
Assuming, the Company buys back all the shares under the buy-back, the public shareholding in the Company after the proposed Buy-back would be 26.4%
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