Ganesh Housing Corporation Ltd has informed that a meeting of the Board of Directors of the Company was convened on November 26, 2008, wherein an amendment in terms of Buyback Scheme was approved.The Board had earlier approved, at its meeting held on October 25, 2008, Buy-Back offer at a maximum price not exceeding Rs 101.00 per share (maximum offer price) payable in cash, for an aggregate amount not exceeding Rs 2000.00 lacs (offer size).
The Board of Directors had authorized buy back of only upto 19,80,198 equity shares of Rs 10 each.The Board of Directors of the Company have now approved, at their meeting held on November 26, 2008, an amendment in the Buy Back offer of the Company, and have decided to delete the maximum number of shares to be brought back by the Company which was earlier decided to be shall not exceed 19,80,198 equity shares. After this amendment by the Board, there will not be any limit on the maximum no of equity shares which can be brought back by the Company.
The Company has already issued Public Notices in compliance with Regulation 5A of the SEBI (Buyback of Securities) Regulations 1998. Hence, in view of the amendment made in the above mentioned paragraph the necessary amendments will be made in the Public Notices to be issued hereinafter.
The Board of Directors had authorized buy back of only upto 19,80,198 equity shares of Rs 10 each.The Board of Directors of the Company have now approved, at their meeting held on November 26, 2008, an amendment in the Buy Back offer of the Company, and have decided to delete the maximum number of shares to be brought back by the Company which was earlier decided to be shall not exceed 19,80,198 equity shares. After this amendment by the Board, there will not be any limit on the maximum no of equity shares which can be brought back by the Company.
The Company has already issued Public Notices in compliance with Regulation 5A of the SEBI (Buyback of Securities) Regulations 1998. Hence, in view of the amendment made in the above mentioned paragraph the necessary amendments will be made in the Public Notices to be issued hereinafter.
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