Financial Daily
from THE HINDU group of publications
Thursday, September 20, 2001
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Financial Daily from THE HINDU group of publications Thursday, September 20, 2001 |
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Bhagyanagar buyback from Oct 1
MUMBAI: Bhagyanagar Metals Ltd has announced its share buyback programme. The company intends to buy back shares of Rs 10 face value from the open market through purchases on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), the Secu
rities and Exchange Board of India (SEBI) stated in a press release.
The company has fixed maximum price of Rs 65 per share and plans to buyback shares for a maximum consideration of Rs 9.6 crore.
SEBI said that the company has appointed Karvy Stock Broking Ltd and Sykes and Ray Equities (Mumbai) Pvt Ltd as its brokers. Investors may tender their shares through terminals of BSE or NSE, SEBI said. The offer opens on October 1 and closes on or befor
e July 1, 2002. -- Our Bureau
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