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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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