JB Chemicals & Pharma to buyback 29.54 lakh shares; stock up 1%

The buyback offer will open on December 16, 2019, and will close on Monday, December 30, 2019, the company added.

Dec 06, 2019 08:12 IST India Infoline News Service

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.

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