(“Buyback Size”), which is 9.62% of the fully paid-up equity share capital and free reserves (including securities premium) as per the latest audited balance sheet of the Company for the financial year ended March 31, 2016, on standalone basis, on a proportionate basis through the “tender offer” as prescribed under the Buyback Regulations, to all of the equity shareholders/ beneficial owners who hold Equity Shares on the Record Date (“Buyback”).
The Buyback Size does not include any expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, fees and charges payable to Stock Exchanges, public announcement publication expenses, printing and dispatch expenses and other incidental and related expenses.
Members of the Promoter and Promoter Group of the Company have indicated their intention to participate in the proposed buyback.
The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations. The Company has formed a Buyback Committee to do all such acts, deeds, matters and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in connection with the proposed buyback.
Aarti Industries Ltd ended at Rs 705, down by Rs 20.15 or 2.78% from its previous closing of Rs 725.15 on the BSE.
The scrip opened at Rs 720 and touched a high and low of Rs 728.95 and Rs 701.3 respectively. A total of 30979(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5871.17 crore.
The BSE group 'B' stock of face value Rs 5 touched a 52 week high of Rs 730 on 14-Oct-2016 and a 52 week low of Rs 417 on 26-Feb-2016. Last one week high and low of the scrip stood at Rs 730 and Rs 685.4 respectively.
The promoters holding in the company stood at 54.8 % while Institutions and Non-Institutions held 15.47 % and 29.72 % respectively.
The stock traded above its 50 DMA.