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Nucleus Software Exports announces buyback plan

Capital Market 

To buyback upto 33,43,000 equity (10.32% of total paid up share capital )

announced that the Buyback Committee in meeting held on 16 June 2017 approved the following -

Buy-back of upto 33,43,000 Fully paid-up equity under the Buyback Offer, representing 10.32% of the total paid-up equity share capital of the company at final Buyback price of Rs. 350/- (Rupees Three Hundred and Fifty Only) per share of face value Rs. 10/- each for an aggregate amount not exceeding Rs.117,00,50,000 (excluding transaction cost, viz. brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty etc., cost for the intermediaries appointed for the Buyback and other incidental costs) which is 24.83% of the Paid-up equity share capital and free reserves of the Company for the Financial Year ended 31 March 2017.

Record Date as 30 June 2017 for the purpose of determining the entitlement and the names of the shareholders who are eligible to participate in the Buyback Offer of the Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 20:31 IST