Board of Alembic approves buyback of shares

At meeting held on 23 January 2018

Alembic announced that the Board of Directors of the Company at its meeting held on 23 January 2018 has approved the proposal for buy-back of 1,02,50,000 fully paid up equity shares of the Company having face value of Rs 2 each ('Equity Shares') (representing up to 3.84% of the total paid-up equity share capital of the Company) at a price not exceeding Rs 80 per Equity Share payable in cash for a total consideration not exceeding Rs 82 crore.

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