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Pennar Industries board approves Buy Back of Equity Shares

Steel News - Published on Tue, 11 Jun 2013

Pennar Industries has approved buy back of the Company\'s fully paid-up equity shares of INR 5 each from open market through the Stock Exchange mechanism for an amount not exceeding INR 10 Crores at prevailing market price on the Stock Exchanges subject to a price not exceeding INR 40 per equity share and subject to a maximum of 40,00,000 equity shares and minimum of 10,00,000 equity shares

Pennar is a multi location, multi product company manufacturing Cold Rolled Steel Strips, Precision Tubes, Cold Rolled Formed Sections, Electro Static Precipitators, Profiles, Railway Wagons and Coach Components, Press Steel Components and Road Safety Systems. Pennar has set up a subsidiary, Pennar Engineered Building Systems, Which at its state of the art manufacturing facility at Sadashivpet, near Hyderabad designs, manufactures and erects pre engineered steel buildings.

Source – Strategic Research Institute


Posted By : admin on Tue, 11 Jun 2013
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