JB Chemicals' board approves share buy-back for up to Rs 130 crore
Updated : August 31, 2018 03:09 PM IST
The company has offered to pay Rs 390 per share.
This excludes transaction costs such as fees, brokerage, taxes and duties, JB Chemicals said in a BSE filing.
The Board of Directors of the company has, at its meeting held today, approved the buy-back of up to 33,33,333 fully paid-up shares of the company through the 'Tender Offer' route, it added.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more