Deccan Chronicle buy back at Rs 250/shr

The board of directors of Deccan Chronicle Holdings (DCHL) cleared a proposal for buy back of equity shares worth about Rs 250 crore at a maximum price of Rs 250 per share.

The company is also planning a private placement of up to 24% of equity in its 100% subsidiary, Sieger Solutions, with a floor enterprise value of Rs 1,500 crore and upper limit of Rs 1,800 crore.