Eicher Motors Ltd has informed that subject to the approval of the shareholders by means of a postal ballot under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolutions by Postal Ballot) Rules, 2001, the Board of Directors of the Company at its meeting held on November 20, 2008 had considered and approved the Buy Back of 1,408,969 Equity Shares of the Company.
At a price not exceeding Rs 691.68 per equity share and the total aggregate amount to be Aexpended by the Company for the Buy-back not exceeding Rs 97.46 crores in accordance with Section 77A, 77AA, 77B of the Companies Act, 1956.
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