HSIL LTD. - 500187 - Buyback Of Equity Shares Of Face Value Of Rs. 2/- Each ("Equity Shares") By HSIL Limited (The "Company") From The Open Market Through Stock Exchanges ("Buyback") - Lntimation For Closure Of The Buyback
The Company, on 30th September, 2020, commenced the Buyback from the shareholders/ beneficial owners of the Company excluding promoters, promoter group and persons who are in control of the Company, payable in cash from the open market through the Stock Exchange mechanism under the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018. ln this regard, please be informed that the Company has till date bought back 75,99,014 Equity shares at an average price of Rs. 84.12 per Equity Share. Accordingly, the Company has deployed Rs. 63,92,66,829/- which represents 91.32% of the Maximum Buyback Size. The value of equity shares bought back exceeds the minimum buy back size of Rs 35,00,00,000/- (Rupees Thirty Five Crore only) and is more than 50% of the amount earmarked for the Buyback. Hence, the Board of Directors of the Company in its meeting held on 30th December, 2020 has decided to close the Buyback with effect from closing hours of 31st December, 202030-12-2020