Filatex India Limited announces buy-back of its shares

The Board of Directors of the Company announced buyback of 42,50,000 (Forty-Two Lakh and Fifty Thousand Only) fully paid-up Equity Shares of face value of Rs. 2/- each of the Company at a price of Rs. 140/- (Rupees One Hundred and Forty Only) per Equity Share payable in cash for an aggregate amount of Rs. 59,50,00,000 (Rupees Fifty Nine Crore and Fifty Lakh Only), on a proportionate basis through the tender offer process in terms of the provisions of Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (“Buyback Regulations”).