JB Chem buyback at Rs 70/share
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Sukumar
Apr 8, 2008, 5:27:26 AM4/8/08
to Kences1
The board of directors of JB Chemicals & Pharmaceuticals, which met
today, approved a proposal for buyback of shares at Rs 70 per share.
According to a release issued by the company to the BSE today, the
buyback would be for an aggregate amount of Rs 29.52 crore, which will
be within 7.05% of the total paid-up capital and free reserves as per
the audited balance sheet on March 31, 2007.
"The maximum price is at a premium of 41.27% over the closing price of
Rs 49.55 on NSE on April 7, 2008. The average closing price of the
company's share on the BSE for the last six months is Rs 64," the
release added.
N.Sukumar
Research Analyst
www.kences1.blogspot.com
today, approved a proposal for buyback of shares at Rs 70 per share.
According to a release issued by the company to the BSE today, the
buyback would be for an aggregate amount of Rs 29.52 crore, which will
be within 7.05% of the total paid-up capital and free reserves as per
the audited balance sheet on March 31, 2007.
"The maximum price is at a premium of 41.27% over the closing price of
Rs 49.55 on NSE on April 7, 2008. The average closing price of the
company's share on the BSE for the last six months is Rs 64," the
release added.
N.Sukumar
Research Analyst
www.kences1.blogspot.com
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