At meeting held on 14 May 2014
Prime Property Development Corporation announced that the Board of Directors of the Company at its meeting held on 14 May 2014, inter alia, has considered and unanimously approved the proposal of buy-back through 'Tender Offer' route upto 38,00,000 fully paid up equity shares of Rs 5 each from the shareholders of the Company as on a record date at a price of Rs 19.50 per equity share, payable in cash, upto an aggregate amount of Rs 7.41 crore.The board has also considered and unanimously approved the proposal of Voluntary Delisting from Ahmedabad Stock Exchange, Madras Stock Exchange and Jaipur Stock Exchange.
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