Route Mobile Buyback of Rs 120 crore accredited by the board of administrators on the assembly was held on June 28, 2022. Route Mobile Buyback shall be carried out by way of the Open Market route by the inventory trade mechanism.
The board of administrators of the corporate accredited the buyback by the Company of its absolutely paid-up fairness shares having a face worth of Rs 10 every fairness share at a value not exceeding Rs 1,700 per Equity Share and for an combination quantity not exceeding Rs 120 crores from the shareholders.
Route Mobile buyback shall be a most variety of 705,882 fairness shares which shall be 1.12% of the entire variety of paid-Up Equity Shares of the Company. Route Mobile Buyback shall not exceed the Maximum Buyback Size, which represents 9.95% and seven.31% of the combination of the Company’s whole paid-up fairness share capital and free reserves as of March 31, 2022, respectively, and is inside the prescribed statutory restrict of 10% of the combination of the absolutely paid-up fairness share capital and free reserves.
Route Mobile Buyback Details are as beneath:
- Route Mobile Announcement Date: June 28, 2022, Tuesday
- Route Mobile Buyback Price: Rs 1,700 per Equity Share
- Route Mobile Buyback Size: Rs 120 crores
- Route Mobile Buyback Type: Open Market
- Route Mobile Buyback Equity Shares: 705,882 (1.12% of the entire variety of paid-up shares)
For extra particulars please test our Route Mobile Buyback 2022 web page.
– Source : IPOWATCH