OnMobile Global has informed that the Board of Directors of the Company at its meeting held on February 04, 2016, has considered and decided on Buy-Back of the Company’s equity shares of Rs 10 each from the open market through stock exchange mechanism in accordance with the provisions of Section 68,69 and 70 of the Companies Act, 2013 read with Securities and Exchange Board of India (Buyback) Regulations, 1998 and amendments thereto at a price not exceeding Rs 150 per equity share payable in cash for an aggregate amount not exceeding Rs 70 Crores subject to a maximum of 56,00,000 Equity Shares.
The above information is a part of company’s filings submitted to BSE.
