At meeting held on 11 August 2017The Board of Vinati Organics at its meeting held on 11 August 2017 has approved a buyback proposal for purchase by the Company of up to 2,00,000 equity shares of Rs. 2 each (representing 0.39% of the total equity capital), from all the shareholders of the Company on a proportionate basis through the "Tender Offer" route using the stock exchange mechanism as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 1998 (the "Buyback Regulations") at a price of Rs. 1,200 per equity share, aggregating to approximately Rs. 24 crore in accordance with the provisions of the Companies Act, 2013 and the Buyback Regulations (the "Buyback").
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)