SKP Securities has decided to buy back 12.15 lakh shares for an amount of Rs 6.19 crore. The shares will be bought back from shareholders on a proportionate basis through a tender offer. The shares will be bought back at a price of Rs 51 per share. The offer represents 24.98% of the aggregate of the fully paid- up ordinary share capital and free reserves of the company.
SKP Securities is engaged in distribution of financial products and broking service. It operates through Broking & Dealing in Securities and related services segment. The Company's services include distribution, wealth advisory, investment banking and institutional equities.
