Mumbai, Apr 8 (UNI) The Board of Directors of JB Chemicals and Pharmaceuticals Limited has approved buyback of its share at a maximum price of Rs 70 per share and upto an aggregate amount of Rs 29.52 crore, being within 7.05 per cent of the total paid up capital and free reserves.
The Company informed the BSE that the buyback would be through both the BSE and the NSE through open market purchases periodically.
The maximum price was at a premium of 41.27 per cent over the closing price of Rs 49.55 of the Company's share on April seven.
The average closing price of the Company's share on the BSE for the last six months was Rs 64 per share.
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