Addmaster Corporation announces an Equity Buyback for 2,267,400 shares, representing 7.81% for INR 1,587.18 million.
September 24, 2021 at 06:31 am EDT
Addmaster Corporation (OTCPK:ADDC) announces a share repurchase program. Under the program, the company will repurchase up to 2,267,400 shares, representing 7.81% of its issued shar capital, for a total of INR 1,587.18 million. The shares will be repurchased at a purchase price of INR 700 per share. As of September 17, 2021, the company had 29,040,724 shares in issue.