JB Chemicals today announced buyback of 29.54 lakh shares at a price of ₹440. The company said it propose to utilise an aggregate amount not exceeding ₹130 crore for this buyback which represents 9.33% of the total paid-up equity share capital.
The buyback offer will open on December 16, 2019 and will close on Monday, December 30, 2019.
Shareholders of the company holding equity Shares on the record date of November 22 will be able to participate in this buyback offer.
JB Chemicals shares were trading 0.80% higher at ₹404 in afternoon trade as compared to a 0.50% decline in benchmark index Sensex.