Balrampur Chini Mills extinguishes 2,37,624 shares under buyback norms

Balrampur Chini Mills extinguishes 2,37,624 shares under buyback norms

Buybacks by firms are meant to reward shareholders in a tax effective manner.

FPJ Web DeskUpdated: Wednesday, March 29, 2023, 09:41 PM IST
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Through an exchange filing, Balrampur Chini Mills has informed that it has extinguished 2,37,624 paid up equity shares as part of its buyback.

One of the reasons behind buybacks is the firm's plan to reward shareholders in a tax effective manner.

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