The Hindu Business Line : Deccan Chronicle buyback plan

Deccan Chronicle Holdings Ltd (DCHL) has decided to buy back equity shares of the company up to a maximum of Rs 250 crore. The maximum price per share would be Rs 250 per share and the buyback would be from the open market (the buyout translates to about 4 per cent of equity) out of the free reserves of the company after obtaining the necessary approvals from shareholders and satisfying other statutory requirements. —

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