Praj Industries has informed that the board of directors of the company at its meeting held on December 03, 2011, has approved a buy-back of its outstanding equity shares of face value Rs. 2 (Rupees Two only) each for an aggregate amount of up to Rs. 558.639 Million at a price not exceeding Rs. 90 per equity share. The buy-back will be made from the open market through the stock exchanges.
The above information is part of the company’s filing submitted to the BSE.