Action Construction Equipment to buyback share worth Rs 34.25 crore

Action Construction Equipment Ltd. | Construction Vehicles | Capital Goods & Industrial Consumables | BSE: 532762 | NSE: ACE

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	2035.65
Action Const. Equip	1227.55
Sanghvi Movers	456.65
TIL	250.40
Brady & Morris Engg.	656.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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