Natco Pharma Updates on Buyback of Shares

Fortune Financial Services India Ltd (Manager to the Buyback Offer) on behalf of Natco Pharma Ltd (Target Company) has issued this Updates on Public Announcement to the Equity Shareholders / Beneficial Owners of the Shares of Target Company which is in continuation of and should be read in conjunction with the Public Announcement dated September 04, 2006, September 09, 2006 and January 31, 2007, pursuant to Securities and Exchange Board of India (Buy-back of securities) Regulations, 1998 ("SEBI Buy-back Regulations"). The shareholders of the Target Company are requested to note the following:

During the fortnight ended April 03, 2007, Target Company has bought back 99,809 Equity Shares on Bombay Stock Exchange Ltd (BSE) for a total consideration of Rs 142.31 lacs and as on April 03, 2007, 125,809 Equity Shares for the total consideration of Rs 179.18 lacs. Further, on April 03, 2007, the Company, by executing corporate action, had extinguished 34,416 Equity Shares.

Source : Equity Bulls

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