India's LARGEST EVER political poll. Have you participated yet?
  • search

Ingersoll fixes floor price for share buy-back

By Staff
Subscribe to Oneindia News

Mumbai, Feb 22 (UNI) Ingersoll-Rand announced that the company plans to buy-back its outstanding equity and de-list its shares from the Indian brouses.

According to an Ingersoll release to the BSE, the parent company -- Ingersoll-Rand of Bermuda -- has announced a floor price of Rs 344.95 per share for the buy-back of 82,08,000 equity shares, representing 26 per cent of the equity share capital of Rs 10 each. Subsequent to the buy-back, the shares will be delisted from the bourses.

The bidding for price discovery will be on from March 13-17. The announcement of the discovered price and the acquirers acceptance or non-acceptance of the discovered price will be made on March 21.

UNI GC SSS SKB1634

For Breaking News from Oneindia
Get instant news updates throughout the day.

X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more