TTK Healthcare Ltd has informed that the Board of Directors of the Company at its meeting held on July 25, 2008, has considered and approved the Buy-back of Equity Shares of the Company subject to approval of the Shareholders and statutory authorities.
The Board of Directors has also decided to seek the approval of the Shareholders through postal ballot for the Buy-back of fully paid Equity Shares of the Company of Rs 10/- each for a maximum amount of Rs 1106.47 lakhs, being 25% of the existing Paid-up Equity Share Capital plus Free Reserves of the Company, at a price not exceeding Rs 120/- per Equity Share.
The Board of Directors has also decided to seek the approval of the Shareholders through postal ballot for the Buy-back of fully paid Equity Shares of the Company of Rs 10/- each for a maximum amount of Rs 1106.47 lakhs, being 25% of the existing Paid-up Equity Share Capital plus Free Reserves of the Company, at a price not exceeding Rs 120/- per Equity Share.
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