Ace Software Updates on Buy Back Offer

Vivro Financial Services Pvt Ltd ("Manager to the BuyBack Offer") on behalf of ACE Software Exports Ltd ("Target Company") has made a Public Announcement pursuant to Buyback of equity shares of the Target Company.

The cumulative number of shares bought back by the Target Company in electronic form from the open market on the Bombay Stock Exchange, is 158981 numbers of shares as on June 14, 2007, thereby crossing the limit of 35% of the buy back size. These figures are subject to verification and reconciliation.

The stock closed the day at Rs.15.95, down by Rs.0.05 or 0.31%. The stock hit an intraday high of Rs.16.25 and low of Rs.15.85. The total traded quantity was 14926 compared to 2 week average of 10146.

Source : Equity Bulls

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