Jindal Poly Films, a firm active in the business of yarns and polymer films, today said its share buyback offer worth Rs 73 crore would open from August 11.
The company would be buying back its shares from the investors at a maximum price of Rs 400 a piece, Jindal Poly said in a filing to the Bombay Stock Exchange (BSE).
"The aggregate consideration for the shares to be bought back will not exceed Rs 73 crore," it said. The company has fixed July 30, 2010, as the last date of the offer.
Shares of Jindal Poly advanced 6.71 per cent from its previous close and were trading at Rs 341 in late afternoon trade on the BSE.