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Board of Cheviot Company approves buyback of shares up to Rs 18 cr

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Capital Market

At meeting held on 08 September 2020

The Board of Cheviot Company at its meeting held on 08 September 2020 has approved a proposal for Buy-Back of up to 2,00,000 fully paid-up Ordinary Shares of the Company of face value of Rs 10 each, representing 3.09% of the present total number of fully paid-up Ordinary Share Capital of the Company, at a price of Rs 900 per Ordinary Share payable in cash for an aggregate amount of up to Rs 18 crore representing 3.88% of the aggregate paid-up capital and free reserves as per latest audited standalone financial statements of the Company for the financial year ended 31 March 2020.

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First Published: Sep 08 2020 | 2:34 PM IST

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