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KIOCL Limited – INDIA – Buyback
On September 12, 2018, KIOCL Limited (NSEI:KIOCL) announced that it intends to initiate an equity buyback on September 18, 2018. The Company's Board of Directors will consider a share repurchase program under which, the company will buyback its own shares. On September 18, 2018, KIOCL Limited (NSEI:KIOCL) announced a tender offer to buyback 12.59 million shares at a buyback price of INR 170.00 per share. This represents a spread of -25.8% over the market price of INR 229.00 per share, as of the…