Bharat Rasayan's board approves share buyback plan worth Rs108cr; Stock gains 2%

The shares offered for buyback comprises of 2.20% of the total paid-up equity capital of the company.

Jan 13, 2021 03:01 IST India Infoline News Service

Bharat Rasayan has announced that board of directors have approved the proposal for share buyback to the tune of Rs107.49cr.

The company's buyback proposal involves - share buyback of up to 93,472 equity shares having a face value of Rs10 each.

The shares offered for buyback comprises of 2.20% of the total paid-up equity capital of the company.

A buyback price of Rs11,500 per equity share has been decided. The buyback overall aggregates to over Rs107.49cr.

At around 2.59 pm, Bharat Rasayan was trading at Rs10,542 per piece above Rs191.60 or 1.85% on Sensex. 

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