Total income rose to Rs 941.3 crore in the second quarter of this fiscal from Rs 555.8 crore in the corresponding period of the previous year, the company said in a regulatory filing.
Balrampur Chini Mills's board also approved the buyback of fully paid up equity shares not exceeding one crore shares (representing up to 4.08 per cent of the total paid-up equity share capital) at a price of Rs 175 per share payable in cash for an aggregate amount of up to Rs 175 crore.
The board also noted the intention of the promoters and promoter group of the company to participate in the proposed buy back.
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