Buy-Back - Insecticides India Limited
Route - Open market
The Board of Directors of the Company has approved the buyback o f the fully paid-up equity shares of the face value of~ 101-(Rupees Ten only) each ("Equity Shares") of the Company from its shareholders 1 beneficial owners excluding promoters, promoter group and persons who are in control of the Company, via the 'open market' route through the stock exchange mechanism i.e. using the electronic trading facilities of the stock exchanges where the Equity shares of the Company are listed i.e. National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") (collectively referred as the "Stock Exchanges") under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended ("Buyback Regulations") and the Companies Act, 2013, as amended (''Companies Act"), and other applicable rules, for an aggregate amount not exceeding ~ 60 Crore (Rupees Sixty Crore only) ("Maximum Buyback Size"), and at a price not exceeding Rs.575/-(Rupees Five Hundred and Seventy Five only) per Equity Share ("Maximum Buyback Price"), payable in cash (the process being referred hereinafter as "Buyback").
CMP - Rs.479.85
Buy-Back Price - Rs.575