Quickheal plans share buyback of Rs109 crore

29 Aug 2022 , 12:57 PM

Quickheal Technologies Limited informed that the Company’s Buyback Committee has fixed Wednesday, September 14, 2022, as the record date for establishing the entitlement and names of Equity Shareholders who will be entitled to participate in the Company’s Buyback.

The company has earlier informed the stock exchanges via its letter dated July 21, 2022, that the Board of Directors has approved the buyback of equity shares by the company.

Further, the intimation of shareholders’ approval was submitted on August 27, 2022.

The Company will conduct the buyback of 50,00,000 equity shares equalling about 8.6% of their total capital. The shares have a face value of Rs10 each, fully paid-up. The buyback will be prices at Rs300 each share. This buyback is worth around Rs109.25 crore.

The buyback will take place through a tender offer.

At around 1.03 PM, Quick Heal Technologies was trading at Rs212.85 down by 0.54% from its previous closing of Rs214 on the BSE. The scrip touched intraday high and low of Rs213.85 and Rs209.50 respectively.

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