Orbit Exports has received approval buyback fully paid up equity shares by the company having face value of Rs 10 each from open market for an amount not exceeding Rs 10 crore at a price not exceeding Rs 130 per Equity Share payable in cash which represents 7.22% and 7.07% of the total paid-up equity share capital and free reserves. The Board of Directors of the Company at its meeting held on March 18, 2019 has approved the same.
Orbit Exports is an India-based company engaged in the manufacture and export of novelty fabrics and madeups. The Company deals in fancy textiles that find its uses in Christmas craft, ladies dress material and home textiles.
