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Moneycontrol.com >> Message Board >> View Messages >> Gateway Distri
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NSE Announcements on Gateway Distri (1)   25-Jul-08 11:40Tracked by (0)  
Posted by:   MMB Messenger on ( 25-Jul-08 11:40 )
Price : [Gateway Distri - BSE:Rs. 86.55 NSE:Rs. 87.05 when posted]
Gateway Distriparks Limited has informed the Exchange that the Board of Directors took the following decision at their meeting held on July 25, 2008: Approved the buy-back of Companys fully paid up equity shares of Rs.10/- each from the existing owners of shares from open market through stock exchanges in accordance with the provisions of Section 77A, 77AA and 77B of the Companies Act 1956 and the SEBI (Buy-back of Securities) Regulations 1998 at a price not exceeding Rs.110/- per share payable in cash for an aggregate amount not exceeding Rs.64 crores. The offer size represents 10% of the aggregate of the Companys paid up equity capital and free reserves as on March 31, 2008.
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