Akzo Nobel Board recommends buy-back of shares

January 01 1970    

Akzo Nobel Board recommends buy-back of shares

Further to our intimation dated April 03, 2018 and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby advise that the Board of Directors of Akzo Nobel India Limited in their meeting held today has recommended for approval by the shareholders, through postal ballot, a proposal to buy back its own shares by the Company from the public shareholders through tender offer as per details below:

Maximum number of shares to be bought back : 11,20,000
Tender Offer price per share : Rs 2,100
Total Buyback size : Rs 235.20 Crores