KFin Technologies Limited to buyback of Non-Convertible Redeemable Preference Shares

The Board of Directors of KFin Technologies Limited at its meeting held today i.e., September 27, 2023, has approved the buyback of 1,000 (one thousand) non-convertible redeemable preference shares ("RPS") of the Company having a face value of INR 200 (Indian Rupees two hundred) each fully paid up at a buyback price per RPS, which is inclusive of all taxes including buyback tax required to be paid by the Company, of INR 13,40,200.001 (Indian Rupees thirteen lakh forty thousand two hundred and zero zero one paise) each, aggregating to INR 134,02,00,001 (Indian Rupees one hundred thirty four crore two lakh and one) which is inclusive of all taxes including buyback tax required to be paid by the Company, constituting 12.10% of the existing paid-up capital and free reserves, based on the interim financial statements of the Company as at June 30, 2023.

The RPS proposed to be bought back represents 100% (one hundred percent) of the preference share capital of the Company as on June 30, 2023.

Shares of Kfin Technologies Limited was last trading in BSE at Rs. 464.75 as compared to the previous close of Rs. 460.75. The total number of shares traded during the day was 10485 in over 671 trades.

The stock hit an intraday high of Rs. 467.00 and intraday low of 457.95. The net turnover during the day was Rs. 4849981.00.

Source : Equity Bulls

Keywords

KfinTechnologies INE138Y01010 KFINTECH Intermediaries Buyback NCRPS