LKP Finance: Updates on buyback offer

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

PL Capital Markets Pvt Ltd ("Manager to the Buyback") on behalf of LKP Finance Ltd ("Target Company") has informed this Post Buy Back Public Announcement ("Post Buyback PA"), published pursuant to Regulation 19(7) of the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998, as amended. The terms used but not defined in this Post Buyback PA shall have the same meaning as assigned in the PA.This Post Buyback PA should be read in conjunction with the Public Announcement (“PA”) published on May 31, 2012.A. The Buyback:The Target Company had announced the buyback ("Buyback") of fully paid up equity shares of face value of Rs. 10 each of the Company (“Equity Shares”) in accordance with the provisions contained in Article 7A of the Articles of Association of the Company, Sections 77A, 77AA, and 77B and other applicable provisions of the Companies Act, 1956 from the existing owners/beneficial owners of the Equity Shares of the Company from the Open Market through the Stock Exchange mechanism using the electronic trading facilities of BSE Ltd (“BSE”) at a price not exceeding Rs. 80 per Equity Share payable in cash for an aggregate amount not exceeding Rs. 12.40 Crore (“Maximum Buyback Size”) excluding brokerage costs, SEBI turnover charges, taxes such as securities transaction tax, service tax and relevant stamp duty (collectively referred to as “Transaction Costs”) for the Buyback. The Maximum Buyback size represented 9.89% of the aggregate of the Company’s paid-up equity share capital and free reserves as on March 31, 2012.The Buyback Offer commenced on June 18, 2012 and closed on May 24, 2013. An intimation of closure of the Buyback was issued to BSE on May 22, 2013.B. Details of the Buyback:The Company has bought back 8,79,466 Equity Shares utilizing a total of Rs. 538.17 Lac (excluding Transaction Costs) which represents 43.40% of the Maximum Buyback Size. All the Equity Shares bought back in the Buyback, have been submitted for extinguishment on May 30, 2013.The price at which the Equity Shares were bought back was dependent on the price quoted on BSE. The highest price (excluding Transaction Costs) at which Equity Shares were bought back was Rs. 65.05 per Equity Share (on May 16, 2013) while the lowest price was Rs. 56.00 per Equity Share (on July 27, 2012). Over all the Equity Shares were bought back at an average price of Rs. 61.19 per Equity Share (excluding Transaction Costs).A total of 8,79,466 Equity Shares were bought in the demat segment while Nil Equity Shares were received in the physical segment from the BSE. As the Buyback was from the Open Market through Stock Exchange mechanism, the identity of shareholders from whom Equity Shares exceeding one percent of the total Equity Shares bought in the Buyback, is not known.Source : BSE

Read all announcements in LKP Finance

Read More