Corporate Announcement
Security Code : 532406    Company : AVANTEL    
 
Board approves Buyback of Equity Shares 
  Exchange Disseminated Time     
Avantel Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2014, has decided on Buy-Back of Company's equity shares of Rs. 10/- each from open market through stock exchange mechanism in accordance with the provision of Section 68, 69 and 70 of the Companies Act, 2013 read with the Companies (Share Capital and Debentures) Rules, 2014 and Securities and Exchange of Board of India (Buyback) Regulations, 1998 and amendments thereto, at a price not exceeding Rs. 90/- per equity shares payable in cash for an aggregate amount not exceeding Rs. 180.00 lakhs.
 

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