FDC Ltd has informed that the Board of Directors of the Company at its meeting held on August 12, 2008, have approved the Buyback of its fully paid equity shares, from the open market, though the stock exchanges, at a price not exceeding Rs 40/- per share upto an amount of Rs 3,585.96 lakhs being 10% of the total paid up capital and free reserves as per audited balance sheet for the year ended March 31, 2008.
The Buyback would be subject to, inter-alia, the promoter and promoter group being granted exemption under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
The Buyback would be subject to, inter-alia, the promoter and promoter group being granted exemption under SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 1997.
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