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Motilal Oswal board approves buyback of equity shares up to Rs 150 crore

This will exclude all kinds of transactional and other related costs at a price not exceeding Rs 650 per equity share

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The maximum buy-back size represents 7.51 per cent and 6.64 per cent of aggregate of total paid-up equity share capital

2 min read Last Updated : Mar 23 2020 | 3:30 PM IST

Motilal Oswal Financial Services Ltd said on Monday its board of directors has approved buy-back of equity shares with a face value of Re 1 from open market for a total amount not exceeding Rs 150 crore.

This will exclude all kinds of transactional and other related costs at a price not exceeding Rs 650 per equity share.

The maximum buy-back size represents 7.51 per cent and 6.64 per cent of aggregate of total paid-up equity share capital and free reserves of the company based on the audited standalone and consolidated financial statements as on March 31, 2019 respectively.

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Topics : Motilal Oswal Financial Services Motilal Oswal

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