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Marathon Nextgen Realty to buy-back shares for Rs 150cr

Press Trust of India  |  New Delhi 

Ltd today said its board has approved the buy-back of equity for nearly Rs 150 crore.

In a filing to the BSE, the Mumbai-based company said the Board of Directors at its meeting has approved a proposal to buy-back up to 54,37,345 equity of the company for an aggregate amounting Rs 149.52 crore.

The offer is for 19.12 per cent of the total paid-up equity share capital at Rs 275 per equity share.

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

First Published: Fri, March 17 2017. 20:57 IST