BUSINESS

TI shareholders approve buyback

MUMBAI: Tube Investments has informed the Bombay Stock Exchange (BSE) that the special resolution authorising the company to buy back up to 61.56 lakh equity shares of Rs. 10 each at a price not exceeding Rs. 100 per share through tender offer has been duly passed with requisite majority through postal ballot. Pursuant to the above the company has fixed the buyback rate at Rs. 100 per equity share, according to a notification from the BSE.

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