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Moneycontrol.com >> Message Board >> View Messages >> ANG Auto
   You are here :     Moneycontrol     MMB      Stocks      ANG Auto
NSE Announcements on ANG Auto (2)   09-Jul-08 13:27Tracked by (1)  
Posted by:   MMB Messenger on ( 09-Jul-08 13:27 )
Price : [ANG Auto - BSE:Rs. 81.70 NSE:Rs. 82.75 when posted]
Chartered Capital And Investment Ltd. has informed the Exchange regarding a Public Announcement made pursuant to the provisions of Regulation 8(1) read with Regulation 15(c) and in compliance with the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 as amended and contains the disclosures as specified in Schedule II to these Regulations. The Buyback: ANG Auto Limited ("ANG Auto" or "the Company") hereby announces the buyback ("the Buyback") of its fully paid-up Equity Shares of the face value Rs.10 each ("Shares") from the owners of Equity Shares of the Company from the open market through Stock Exchange using the electronic trading facilities of Bombay Stock Exchange Limited ("BSE") and National Stock Exchange of India Limited ("NSE") (together "the Stock Exchanges"), in accordance with the provisions of Sections 77A, 77AA, 77B and all other applicable provisions, if any, of the Companies Act, 1956 ("the Act") and the Securities and Exchange Board of India (Buyback of Securities) Regulations, 1998 as amended ("the Buyback Regulations") and the relevant provisions in the Articles of Association of the Company at a price not exceeding Rs. 215 per share ("Maximum Buyback Price") payable in cash, for an aggregate amount not exceeding Rs. 1612.50 lacs (Rupees Sixteen crore Twelve lac Fifty thousand only) ("the Buyback Size"). The Buyback Size at the maximum level represents 24.30% of the aggregate of the Companys paid-up Equity Share capital and Free Reserves as on March 31, 2007. The Date of opening of the Buyback is July 18, 2008 and the Last Date for the Buyback is January 02, 2009 or when company completes buyback to the extent of Rs 1612.50 lacs or such earlier date as may be directed by the Board of Directors at any time (by giving appropriate notice of such earlier date, if any) whichever is earlier. A copy of the Public Announcement - Buyback of Shares shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

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News Updates on ANG Auto

NSE Announcements on ANG Auto - Chartered Capital and Investments Ltd. has informe...
NSE Announcements on ANG Auto - Chartered Capital and Investments Ltd. has informe...
NSE Announcements on ANG Auto - Chartered Capital and Investments Ltd. has informe...

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