Avantel has informed that the Board of Directors of the Company at its meeting held on June 04, 2014, has decided to withdraw conducting of postal ballot interalia for Buy-Back of Equity Shares of the Company due to recent spurt in the market price of the equity shares in BSE, consequent to which the buy-back price upto Rs. 75 has become unattractive to the shareholders.
The above information is a part of company’s filings submitted to BSE.