DLF has announced a buy back of Rs 1,100 crore equity at a maximum price of Rs 600 per share. The volume of the buyback would go up to 2.2 crore shares; that is 1.1-1.29% equity. The promoters’ stake will go up from 88.1% to 89.3%, if buyback is completed.
What does this mean for shareholders?
This [...]
Anil Ambani’s Reliance Energy (REL) said on Wednesday that it would buy back shares worth up to Rs 2,000 crore at a price of up to Rs 1,600 a share, a 9.6% premium over Wednesday’s closing price.
With the fund allocated for buyback, the company could purchase around 1.25 crore shares from [...]
Board meeting on March 5 to consider the proposal.
The Anil Dhirubhai Ambani group-promoted Reliance Energy Ltd (REL) has proposed a buyback of its shares.
The management has not stated any particular objective for buyback, but a press release said it has convened a board meeting on March 5, to consider the proposal.
The move comes just two [...]
Goldiam International Ltd has informed that a meeting of the Board of Directors of the Company will be held on February 25, 2008, to consider buy-back of equity shares of the Company and addition of development of infrastructure, residential, commercial, industrial etc. properties in the Main Objects of the Memorandum of Association of the Company