Tulive Developers Limited has announced the buyback of 4,80,000 equity shares from the shareholders at a price of Rs 350 per equity share. The record date for this buyback offer is 22nd April 2019. Tulive Developers Buyback 2019 offer starts on 22nd May 2019 and it closes on 4th June 2019. The board meeting of the company was held on 22nd February 2019. in which this buyback was approved by the board of directors. The last date for the extinguishment of equity shares is scheduled as 21st June 2019.
Tulive is the Chennai based real estate conglomerate owned by G K Shetty. In Chennai, it has completed several projects including Urbanville -Velachery, Sky City – Vanagaram, Ecstasea – ECR, Horizon – Saligramam etc. It has also created many architectural marvels such as IT parks, 5 Star Hotels, World Class Residential Homes, Commercial Complexes and National Infrastructure. It is listed on the Bombay Stock Exchange (BSE).
Tulive Developers Buyback 2019 – Offer Details
| Offer Type | Buyback of Fully Paid-up Equity Shares |
|---|---|
| Record Date | 22nd April 2019 |
| Buyback Starts | 22nd May 2019 |
| Buyback Ends | 4th June 2019 |
| Number of Shares | 4,80,000 Equity Shares |
| Face Value | Rs 10/- |
| Buyback Price | Rs 350 Per Equity Share |
| Maximum Buyback Size | Rs 16.8 crores |
| last Date for the Extinguishment of Equity Shares | 21st June 2019 |
| Broker of the Company | Choice Equity Broking Private Limited |
| Designated Stock Exchange | BSE |
| Letter of Offer | Click Here |
| Manager of the Buyback | Saffron Capital Advisors Private Limited |
| Registrar of the Buyback | Computech Sharecap Limited |
| Company’s Office | Registered Office: 21/22, Loha Bhavan, P. D. Mello Road, Mumbai 400009; Corporate Office: No. 5, 1st Street, Subbarao Avenue, Chennai – 600 006 |
Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.
Tags: #Buyback Offer #StockMarket #Tulip Developers
