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Nalco, the aluminium maker, has bought around 64.43 crore shares worth close to Rs 2,835 crore under its buyback offer.
The company, in May, announced the buyback of up to 64,43,09,628 shares (representing 25 percent of the total number of shares in the paid-up share capital of the company).
The company has said in a regulatory filing that “The total number of equity shares bought back under the buyback offer are 64,43,09,628 equity shares at a price of Rs 44 per equity share.”
It has said further that “The total amount utilised in the buyback of equity shares is Rs 2834,96,23,632 excluding transaction costs that is brokerage, applicable taxes such as securities transaction tax, service tax, stamp duty, etc.”
