Ramco Cements buys back shares worth Rs 167.70 cr

Ramco Cements today said it has bought back 25 lakh shares at an average price of Rs 670.80 apiece at a cost of Rs 167.70 crore.

"We have bought back 25,00,000 shares at a cost of Rs 167.70 crore excluding brokerage and other charges and at an average price of Rs 670.80 per share," the company said in a BSE filing.

The company further said post buyback, the paid up share capital would stand reduced from Rs 23,80,76,780 to Rs 23,55,76,780 and number of equity shares would stand reduced from 23,80,76,780 to 23,55,76,780 of Re 1 each.

The stock closed 2.01 per cent up at Rs 692.85 on BSE.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)