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D Link to buy back shares at Rs 80

Our Bureau

MUMBAI, Aug. 9

D LINK India today announced that it would buy back the company's shares, not exceeding Rs 16 crore, at a price of up to Rs 80 per equity share.

The company has informed the Bombay Stock Exchange (BSE) that the board of directors at its meeting held today , has approved the buyback and decided to convene an extra-ordinary general meeting (EGM) on September 30.

The EGM will be held to alter the Articles of Association to include the clause relating to the buy back of shares and to obtain shareholders' approval authorising the board to purchase the fully paid-up equity shares for an amount not exceeding Rs 16 crore, up to a maximum price of Rs 80 per equity share.

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