Mangalam Cement through VC Corporate Advisors made an announcement to the equity shareholders and beneficial owners of the company to buy-back a minimum of 7.25 lakh equity shares and a maximum of 44-lakh equity shares at a price not exceeding Rs.75 per share payable in cash for an amount not exceeding Rs. 2,150 crore.
The date of opening of buy-back is February 05, 2009 and the last date of buy-back is January 16, 2010.
