Entries Tagged 'Buy Back' ↓

Telivision Eighteen (TV18) Open offer price has been annouced, the company is set to buy 20 per cent stake in Infomedia India Limited through open offer at a price of Rs. 237 per share in cash. Infomedia India Limited share holders who would like to surrender their shares under the open offer will be paid Rs. 237 per share in cash by TV 18. Investors should note that not all the shares surrendered by the investors will be accepted by Tv 18, if the total number of shares exceed 20 percent of the paid up capital of Infomedia Limited. TV18 Open offer date is not yet announced more information will be updated soon.

Garware Offshore Services Limited Buyback offer will open from 1st January, 2008 and will close on 21st January 2008. HSBC Securities and Capital Markets India will act on behalf of Indiastar Mauritius Limited to purchase the shares. The Mauritian Company will buy up to 4707799 paid up equity shares of Rs. 10 each at Rs. 230 per share from the share holders of the company which would represent around 20 per cent in Garware Offshore Services Limited.

ANG Auto Limited, has informed the exchanges that a meeting of the Board of Directors will be held on 12th November 2007, to consider the Buy back of shares.

The maximum buy back of the shares will be up to 25% of the Paid up Capital and from the free Reserves of the company. The board will take the approval of the share holders of the company for the Buy back offer.

ANG Auto Buy back offer price and other details will be announced after the Board meeting on November 12, 2007.

The share price of the company today closed at Rs. 130.50 up 8.43% on the BSE.

JK Investo Trade India, has previously announced that the company has passed the resolution of delisting of equity shares from the Bombay Stock Exchange at their AGM held on June 13, 2007.

The Board has fixed the offer price for the De listing of JK Investo Trade India Shares from the BSE. Floor Price of Rs. 170 per equity share will be paid to the share holders of the company.

The shares will be picked from the open market and the Floor price is fixed as Rs. 170.

Prime Securities Limited Board of Directors at their meeting held, has approved the Buy Back Proposal for a maximum amount of 13 crore at a price not exceeding Rs 225 per equity share from the Share holders of the company.

Shares will be purchased from the Open Market through BSE and NSE.

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.

EID Parry India Ltd has informed the Indian Stock Markets BSE and NSE that a Board of Directors meeting of the company will be held on 29th October 2007 to consider the proposal for Buy back of equity shares.

The Board meeting will also approve the Unaudited Financial Results of the company for the quarter ended September 30 2007.

Based on the Buy Back news the shares of EID Parry have rallied well in the last 2 trading sessions the stock has moved up around 10%. The stock closed at Rs 145.75 on Wednesday 24th October 2007 at the National Stock Exchange.

It would be interesting to see, what the Board of Directors would announce in the Board meeting on 29th October about the Buy Back offer of EID Parry.

EID Parry India Ltd has informed the Indian Stock Markets that the Board will meet on 29th October 2007 to consider Buy Back offer of equity shares and unaudited Financial Results.