Shriram Pistons & Rings extinguishes 3.50 lakh bought back shares

Post extinguishment the share capital of the company amounts to over Rs22cr.

Oct 21, 2021 03:10 IST India Infoline News Service

Shriram Pistons & Rings Limited has extinguished 3,50,000 fully paid-up equity shares of Rs10/- each of Shriram Pistons & Rings Limited bought back at a price of Rs1,020/- per Equity Share through the tender offer process.

Post Extinguishment, issued, subscribed and paid-up Share Capital 2,20,24,912 fully paid-up Equity Shares of Rs10/- each amounting to Rs22,02,49,120.

The buyback opened on September 17, 2021, and close on September 30, 2021. The Manager of the Buyback Offer is Edelweiss Financial Services Limited and the Registrar to the Buyback Offer is Alankit Assignments Limited.

Towards close of trade on Thursday, Shriram Pistons & Rings Limited was trading at Rs900.00 per piece down Rs15.00 or 1.64% on the NSE.

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