Cosmo Films has board at its meeting hung on October 26, has authorized a buyback of fairness stocks of face cost of Rs. 10 every, no longer exceeding 12.6 lakh stocks or 6.5% of the entire fairness share capital of the agency.
The buyback fee is set at Rs. 576 in line with percentage. The buyback charge is a 23% top class to Monday’s last fee.
The overall consideration for the proportion buyback is really worth Rs. Seventy three crore. The promoters of the agency can be taking part in the percentage buyback procedure.
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