At meeting held on 24 July 2018
The Board of Music Broadcast has approved a buyback proposal for the purchase by the Company of its fully paid up equity shares of face value of Rs 10 each, at a price not exceeding Rs 385 per equity share out of free reserves or such other sources as permitted by law, from shareholders/beneficial owners of the Company, from the open market through stock exchange mechanism as prescribed under Companies Act 2013, read with SEBI(Buy Back of Securities) Regulations, 1998, provided that buyback shall not exceed Rs 57 crore representing 9.87 % of the aggregate of total paid-up equity share capital and free reserves of the Company based on audited financial statements of Company as on 31 March 2018Powered by Capital Market - Live News
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