Carol Info to buy back 53 lakh shares
Carol Info Services Ltd has said it will buy back upto 53 lakh equity shares of the company from its shareholders for Rs 21.20 crore.
By PTI |
MUMBAI: Carol Info Services Ltd has said it will buy back upto 53 lakh equity shares of the company from its shareholders for Rs 21.20 crore.
Carol Info would buy back its equity shares of Rs 10 each through the open market at a price of upto Rs 40 per share for a total consideration not exceeding Rs 21.20 crore.
The buy back size represents approximately 6.60 per cent of the company's paid up equity capital and free reserves as on March 31, 2006. The number of equity shares to be bought back would depend upon the average price paid for those shares, the company said.
The buy-back offer has opened from September 19, 2006 and would end on June 26, 2007, or earlier as may be decided by the board, Carol informed the Bombay Stock Exchange on Wednesday.
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