Adani Ports and Special Economic Zone
said in the filing on Tuesday that the company board has approved the proposal for the buy-back by the company of up to 3.92cr equity shares from the equity shareholders of the company as on June 21, 2019, at a price of Rs500 per equity share for an aggregate amount not exceeding Rs1,960cr.
The board also, recommended a final dividend at 10% per equity share of Rs2 each for the financial year ended March 31, 2019 subject to the approval of the shareholders at the ensuing Annual General Meeting.
Adani Ports & Special Economic Zone Ltd is currently trading at Rs425.75, up by Rs1.85 or 0.44%, from its previous close of Rs423.90 on the BSE.
The scrip opened at Rs423.80 and has touched a high and low of Rs429.60 and Rs417.65, respectively.