The Board of Directors of Vyapar Industries Ltd in their Meeting held today the, November 30, 2018 have approved the buyback of upto 15,30,000 (Fifteen Lacs Thirty Thousand Only) Equity Shares of the Company (the 'Equity Shares') of the face value of Rs. 10 each at a price of Rs. 50/- per Equity Share aggregating to Rs. 7,65,00,000/- (Rupees Seven crores sixty five lacs only) through the "Tender Offer" route as prescribed under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the "Buyback Regulations") on a proportionate basis from the shareholders as on the record date (to be decided later), subject to the approval of shareholders by way of a special resolution through postal ballot and regulatory compliances required under applicable laws.
Shares of VYAPAR INDUSTRIES LTD. was last trading in BSE at Rs.27.5 as compared to the previous close of Rs. 26.2. The total number of shares traded during the day was 50 in over 1 trades.
The stock hit an intraday high of Rs. 27.5 and intraday low of 27.5. The net turnover during the day was Rs. 1375.