Deccan Chronicle Buy-Back offer : Price fixed at Rs 250 per share

Deccan Chronoicle Holdings in its meeting held on October 26,2007, have approved the Buy Back of the company shares from the public. The company has allocated Rs. 250 crore for the share Buy-back offer, the funds will be allocated from the free reserves of the company. The company will proceed with the offer after taking the necessary approvals from the share holders.

Buy-Back offer price to share holder has been fixed at Rs. 250 per share which means share holders who would like to surrender their shares in the Buy-Back offer of the company will be offered a maximum price of Rs. 250 per share.

Shares of Deccan Chronocicle Holdings closed at Rs. 203.85 on the National Stock Exchange of India(NSE) . There is a potential upside of around 25% from the current price, for the share holders who would surrender their shares under the Buy-Back offer to the company.

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