Goldium International shares rise over 15% ₹ ₹1,052 per share on the BSE in Monday’s session, the company announced that its board has approved share buyback till ₹Rs 45.6 crore ₹1,200 per share. It is proposed to buyback from the existing shareholders of the company on pro-rata basis on record date under tender offer route.
“We would like to inform you that the Board of Directors of Goldium International Limited, in its meeting held on September 13, 2021, has approved the proposal for buyback up to a total of 3,80,000 equity shares (three lakh eighty thousand only) of the company. not exceed the amount ₹45,60,00,000/- (Forty five crore sixty lakh rupees only) ₹1,200/- (Rupees One Thousand Two Hundred Only) per equity share,” the jewelery company announced in an exchange filing.
The company had last month informed the exchanges that a meeting of the board of directors of the company would be held on Monday, September 13, 2021 (September 13) to consider the proposal for buyback of equity shares of the company. Goldium International is a global exporter of luxurious diamond jewellery.
“The proposed buyback is subject to the approval of the shareholders through a special resolution through postal ballot. A public announcement setting out the procedure, timelines and other necessary details will be issued in due course in accordance with the buyback rules.”
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