Vaibhav Global to buyback 14.85% stake for Rs 72 crore

01 Jun 2019

Vaibhav Global has received approval to buyback its own fully paid-up equity shares of face value of Rs 10 each from the equity shareholders of the Company, being 14.85% of its paid-up share capital and free reserves as on March 31, 2019 (on a standalone basis), for an amount, payable in cash, aggregating upto Rs 72 crore. The Board of Directors of the Company at its meeting held on May 31, 2019 has approved the same.

Vaibhav Global earlier known as Vaibhav Gems incorporated in Jaipur in 1989, is today a professionally managed, end-to-end vertically integrated business organization.

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