Nava Bharat Ventures Limited board approves buyback of Rs. 150 crores

The Board of Directors of Nava Bharat Ventures Limited ('the Company'), at its meeting held on February 26, 2021 has approved the proposal for buyback of fully paid up Equity Shares of face value of Rs. 2 (Rupee Two only) each for an aggregate amount not exceeding Rs. 150 crores (Rupees One hundred and fifty Crores Only) and at a price not exceeding Rs. 100/- (Rupees One Hundred only) per Equity Share ('the Maximum Buyback Price') from the shareholders of the Company, excluding members of promoters, promoter group and persons acting in concert; payable in cash, from the open market purchase through stock exchanges mechanism.

Shares of NAVA BHARAT VENTURES LTD. was last trading in BSE at Rs.70.55 as compared to the previous close of Rs. 65.75. The total number of shares traded during the day was 852721 in over 6368 trades.

The stock hit an intraday high of Rs. 71.65 and intraday low of 65.5. The net turnover during the day was Rs. 58501952.

Source : Equity Bulls

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