Godrej Industries, one of the leading manufacturers of oleochemicals, has stated that it will not place any further buy orders with regard to the Buy back announced back in April this year.
In the public announcement dated April, 29, 2009, the date of closing the Buy-back was July 20, 2009. The company had intended to buy back a minimm of 5.7 lakh shares (Re 1 each), amounting to a 9.9 per cent stake at a share price not exceeding Rs 275.
The last date for the completion of the Buy-back is July 28, 2009 as per the public announcement.
On the Bombay Stock Exchange, the company's shares were trading at Rs 136.10, up 0.89 per cent at IST 1122.