Swaraj Engines updates on proposed buyback of shares

Image
Capital Market
Last Updated : Nov 28 2017 | 9:50 PM IST

Promoters M&M and Kirloskar Industries to participate in proposed buyback

Swaraj Engines announced that the Promoters of the Company have communicated their intention to participate in the proposed buyback in the following manner:

a. Mahindra & Mahindra has indicated that they would be tendering a maximum of 97,915 equity shares or such lower number depending on the response received from the public shareholders

b. Kirloskar Industries has indicated that they would be tendering a maximum of 51,254 equity shares or such lower number depending on the response received from the public shareholders

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Nov 28 2017 | 9:28 PM IST

Next Story