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Board of Rane Brake Lining approves buyback of shares up to Rs 22 cr

Capital Market 

At meeting held on 15 October 2020

The Board of Rane Brake Lining at its meeting held on 15 October 2020 has approved the buyback of up to 2.66 lakh shares equity shares of the company for an aggregate amount of Rs 22 crore at a price of Rs 825 per equity share.

The Maximum Buyback Size represents 9.62% of the aggregate of the Company's paid-up equity share capital and free reserves based on the audited financial statements of the Company as at 31 March 2020.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, October 15 2020. 13:26 IST