Board of Lovable Lingerie approves buyback of shares upto aggregate Rs 50 cr

Capital Market 

At meeting held on 06 October 2017

The Board of Lovable Lingerie has approved the Buy-back of up to 20,00,000 fully paid up Equity of the Company having face value of Rs.10/- each ('Equity Share') (representing up to 11.9% of the total paid-up equity share capital of the Company) at a price of Rs.250/- ('Buy-back Price') per Equity Share payable in cash for a total consideration of up to Rs 50 crore.

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First Published: Fri, October 06 2017. 17:14 IST