11 -- Goldman Sachs Singapore PTE has bought 2,768,258 shares of Apollo Tyres through an open market transaction
. The shares were purchased at Rs 69.70 on National Stock Exchange (NSE) recently.
New Delhi, June 16 -- The automobile major Tata Motors has stated that Ratan Tata has hiked his stake in the company to 0.05 percent through an open market transaction
, leading to a surge of 6 percet in the company's scrip on the BSE.
Avenue Supermarts' billionaire promoter Radhakishan Shivkishan Damani last month sold 47.30 lakh shares of the company for over Rs 643 crore, through an open market transaction
Through open market transaction
, foreign fund house Credit Suisse (Singapore) Ltd has offloaded 6.54 lakh shares of Vijay Mallya owned United Spirits Ltd for around Rs 82 crore.
The company's common stock will be acquired from time to time in open market transactions
, block purchases and other transactions complying with the US Securities and Exchange Commission's Rule 10b-18.
Repurchases under the program may be made through privately negotiated transactions or open market transactions
, including pursuant to a trading plan in accordance with Rule 10b5-1 and/or Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and shares repurchased will be returned to the status of authorized and unissued shares of common stock.
Pursuant to its initial repurchase programme, it has deployed about USD228m and bought back 13.8m total shares in open market transactions
, till the first fiscal quarter ended 29 December 2018.
The Company intends to accomplish the share repurchases through open market transactions
, though the Company could accomplish repurchases through other means, such as privately negotiated transactions.
Repurchases will be made in open market transactions
, at prevailing market prices not more than USD4.00 per share, subject to applicable laws, regulations and approvals.
announced that its Board of Directors and Shareholders had authorised an additional $300 million (Dh1.10 billion) for bond repurchases to be conducted through open market transactions
. To date, DAE has repurchased $295 million of principal amount of its publicly-traded bonds under the previous authorisation of $300 million.
Under each Fund's current Repurchase Program, each Fund may repurchase, through November 30, 2018, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2017) in open market transactions
. Pursuant to the Board's renewal of the Repurchase Programs, commencing on December 1, 2018, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2018) in open market transactions
through November 30, 2019.
Such shares may be repurchased from time to time in open market transactions
. The timing and amount of share repurchases will depend on a variety of factors, including market conditions.