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Quickheal board approves tender buyback
Description
The Quickheal board has approved a buyback. They said it is going to be a tender buyback, they will buy back upto 63.6 lakh shares which is 9 percent of their overall equity, the buyback price is at Rs 275 per share. So reasonable premium from where the stock is currently at. The buyback size is Rs 175 crore. So well within the cash in the company’s books which stands at little more than Rs 500 crore.
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