J. B. Chemicals & Pharmaceuticals
announced a buyback of 29.54 lakh shares at a price of Rs440. The company said it proposes to utilise an aggregate amount not exceeding Rs130cr for this buyback, which represents 9.33% of the total paid-up equity share capital, the company said in the press note.
The buyback offer will open on December 16, 2019, and will close on Monday, December 30, 2019, the company added.
J B Chemicals & Pharmaceuticals Ltd is currently trading at Rs404.45, up by Rs2.85 or 0.71% from its previous closing of Rs401.60 on the BSE.
The scrip opened at Rs405.40 and has touched a high and low of Rs406 and Rs403 respectively.