Marathon Nextgen Realty to buy-back shares for Rs 150cr

Marathon Nextgen Realty Ltd today said its board has approved the buy-back of equity shares for nearly Rs 150 crore.

In a filing to the BSE, the Mumbai-based company said the Board of Directors at its meeting has approved a proposal to buy-back up to 54,37,345 equity shares of the company for an aggregate amounting Rs 149.52 crore.

The offer is for 19.12 per cent of the total paid-up equity share capital at Rs 275 per equity share.