Deepak Fertilisers' share buy-back program to commence on 6 May 2002

Capitalmarket.com - May 04, 2002

Maximum repurchase price not to exceed Rs.22 per equity share, having a face value of Rs 10.

Deepak Fertilisers and Petrochemicals has announced buy-back of its fully paid-up equity shares of the face value of Rs.10 each from the open market through the electronic trading mechanism of the Bombay Stock Exchange.

The maximum buy-back price will not exceed Rs 22 per equity share, payable in cash, for an aggregate amount not exceeding Rs. 37 crore.

The date of opening of the buy-back program is 6 May 2002. It closes on 20 January 2003 or when the company has completed buy-back to the extent of maximum limit of 10% of the paid-up equity capital under the offer or such earlier date as may be determined by the board any time after 31 July 2002.

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