Allied Digital Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2011, has approved the following:
1. Pursuant to Section 77A of the Companies Act, 1956, the Board of Directors of the Company have decided to buyback the equity shares of the Company upto a maximum offer price of Rs. 140/- per equity share from the open market through stock exchanges subject to a maximum offer size of Rs. 28 crores subject to the necessary conditions/approvals as may be stipulated by statutory authorities.
2. The Company will buy back upto a maximum limit of 20 lakhs equity shares.
Sensex
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Friday, February 18, 2011
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