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Action Construction Equipment to buyback share worth Rs 34.25 crore

17 May 2019 Evaluate

Action Construction Equipment has received approval to buyback company’s fully paid-up equity shares of face value of Rs 2 each equity shares for an aggregate amount not exceeding Rs 34.25 crore, being 9.90% and 9.99% of the total paid up equity share capital and for a price not exceeding Rs 125 per Equity Share. The Board of Directors of the Company at its meeting held on May 16, 2019 has approved the same.

Action Construction Equipment is the leading mobile crane manufacturing company in India.

Peers
Company Name CMP
BEML 2124.30
Action Const. Equip 1105.00
Sanghvi Movers 346.05
TIL 209.00
Brady & Morris Engg. 548.75
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