Mayur Uniquoters buyback shares worth Rs40.63 crore; stock plunges ~3%

16 Mar 2022 , 04:14 PM

Mayur Uniquoters’ Board of Directors has approved the buyback of 6,25,000 equity shares at a price of Rs650 each. In its filing with the exchange, the company stated that Buyback will open on March 24, 2022, and close on April 6, 2022. Company’s buyback is equal to 2.56% of the total shareholding of the company.

With this, the total buyback cost will be Rs40,62,50,000.

The number of Equity Shares that an Eligible Shareholder is entitled to tender in the Buyback Offer, which is computed based on the number of Equity Shares held by such Eligible Shareholder as on the Record Date and the ratio of Buyback applicable in the category to which such Equity Shareholder belongs

Mayur Uniquoters stock ended lower at Rs372.80, down by 2.85% or Rs10.95 against its previous closing price of Rs383.75. In today’s trade, it touched the intraday high and low of Rs388.50 and Rs370.25 respectively.