At meeting held on 20 August 2018
Navneet Education announced that the Board of Directors at its meeting held on 20 August 2018 has approved the buyback up to 46,87,500 fully paid-up equity shares of face value of Rs. 2 each of the Company representing up to 2.01% of the total number of Equity Shares of the Company at a price of Rs. 160 per Equity Share (Buy Back Price) (including premium of Rs. 158/- per Equity Share) payable in cash for an aggregate amount of up to Rs. 75 crore (excluding transaction costs such as brokerage, securities transaction tax, goods and service tax, stamp duty etc.) ("Buy back Size"), which is 9.25% fully paid- up equity share capital and free reserves (including securities premium) as per the standalone audited balance sheet and 9.94% fully paid- up equity share capital and free reserves (including securities premium) as per the consolidated audited balance sheet of the Company as on 31 March 2018.Powered by Capital Market - Live News
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