At meeting held on 24 January 2018
The Board of Paushak approved the proposal for buy-back of 1,25,000 fully paid up equity shares of the Company having face value of Rs.10 each ('Equity Shares') (representing up to 3.90% of the total paid-up equity share capital of the Company) at a price not exceeding Rs.1700 per Equity Share payable in cash for a total consideration not exceeding Rs.21.25 crore. The buy-back offer size is within the limit of 25% of the total paid-up capital and free reserves of the Company as per its audited standalone financial statements for the nine months period ended 31 December, 2017.The promoters & members of the promoter group have indicated their intention to participate in the buy-back offer.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
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