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Swaraj Engines Limited – INDIA – Buyback
On November 23, 2017, Swaraj Engines Limited (BSE:500407) announced that it intends to initiate an equity buyback on November 28, 2017. The Company's Board of Directors will consider a share repurchase program under which, the company will buyback its own shares. On November 28, 2017, Swaraj Engines Limited (BSE:500407) announced a tender offer to buyback 0.29 million shares at a buyback price of INR 2400.00 per share. This represents a spread of 20.0% over the market price of INR 1999.45 per…