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ECE Industries Ltd’s board of directors on July 5 decided to buy back up to 8,75,000 fully paid equity shares at a maximum price of Rs 145 a share from the open market through stock exchanges.
It will spend up to a maximum of Rs 12.68 crore, being 8.42 per cent of the paid-up capital and free reserves of the company at the end of March 31, 2011.
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