Excel Industries has informed that the Board of Directors of the Company at its meeting held on March 28, 2016, in accordance with the provisions of Sections 68, 69 and 70 and all other applicable provisions of the Companies Act, 2013 and in terms of Article 22 of the Articles of Association of the Company read together with Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 and amendments thereto, have approved the buy-back of its fully paid-up equity shares of face value of Rs 5 each at a price not exceeding Rs 275 per equity shares for a maximum amount of Rs 18 Crore (excluding brokerage, Transactional charges and taxes, if any) subject to maximum of 1,150,000 equity shares from the existing equity shareholders/ beneficial owners, other than the promoters/ persons who are in control of the Company, from the open market purchases through BSE Limited and National Stock Exchange of India Limited using their nationwide Electronic Trading terminals.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| UPL | 642.30 |
| PI Industries | 3068.35 |
| Bayer CropScience | 4742.40 |
| Sharda Cropchem | 1109.75 |
| Sumitomo Chemical | 446.90 |
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