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Board of Monte Carlo Fashions approves buyback of shares

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Capital Market
Last Updated : Nov 30 2018 | 6:16 PM IST

At meeting held on 30 November 2018

The Board of Monte Carlo Fashions has approved the proposal for Buy-Back, by the Company, of fully paid-up equity shares of face value of Rs 10/- each not exceeding 1,000,000 Equity Shares having face value of Rs 10/- each (representing 4.60% of the total paid up Equity Share Capital of the Company) at a maximum price of Rs 550 per share for an aggregate maximum amount of Rs 550 crore which represents 10.46% of the aggregate of the Company's paid-up Share capital & free reserves as per the latest audited financial statements as on 31 March 2018.

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First Published: Nov 30 2018 | 6:00 PM IST

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