Comments
Shares of FDC will turn ex-date on Monday for the proposed buyback. The board had earlier approved the buyback of 34.3 lakh shares of the company at ₹350 a share for an aggregate amount not exceeding ₹120 crore. As the buyback would be on proportionate basis through the tender offer route, investors wishing to participate in the buyback offer need to own FDC shares by Friday. Shares of FDC on Thursday closed at ₹285, much lower than the offer price.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.