 "Shareholders of DB Corp approve Rs 3.13-billion buyback plan")
Media firm DB Corp on said its shareholders have approved a Rs 3.12 billion share buyback proposal.
"The special resolution...has been passed with requisite majority by the members of the company," DB Corp said in a BSE filing.
"This is furtherance to our letter dated June 7, 2018 informing you of dispatch of notice of postal ballot to the members of DB Corp Ltd (the Company) seeking their approval through Special Resolution for the buyback by the company of up to 92,00,000 fully paid-up equity shares of face value of Rs 10 each at a price of Rs 340 per equity share from all the members of the company," the filing said.
The company had earlier said the buyback would be subject to approval of the shareholders by way of a special resolution through postal ballot and all other applicable statutory approvals.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app