Board of K P R Mill approves buyback of shares upto Rs 108.13 crore

At meeting held on 22 February 2019

K P R Mill announced that the Board of Directors of the company at its meeting held on 22 February 2018 approved the proposal to buyback not exceeding 13,35,000 equity shares of the Company (representing 1.81% of the total number of equity shares in the paid-up share capital of the Company) at a price of Rs.810 per equity share payable in cash for an aggregate consideration not exceeding Rs.108.13 crore, which is not exceeding 10% of the aggregate of the fully paid-up equity share capital and free reserves as per the audited accounts of the Company for the financial year ended 31 March, 2017.

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