GNFC announces share buyback plan of Rs 652 crore

In a recent announcement, the Gujarat Narmada Valley Fertilizers & Chemicals' (GNFC) board has approved the buyback of fully paid-up equity shares. The buyback offer price is set at Rs 770 per equity share, payable in cash, amounting to a maximum buyback offer size of Rs 653 crore. The buyback will be conducted through the 'Tender Offer' route and is open to all shareholders of equity shares, including promoters and members of the promoter group. The record date for determining eligible shareholders is November 24, 2023. W