Lakshmi Machine Works Limited Buyback Offer 2018
(i) Lakshmi Machine Works Limited, a leading Textile Machinery Manufacturer in India and one among the three in the world to produce the entire range of Spinning Machinery. In 1962, LMW was founded to provide Indian textile mills with the latest Spinning Technology. It caters to the domestic market as well as exports products to the Asian and Oceanic regions.
(ii) LMW diversified into CNC Machine Tools and is a brand leader in manufacturing customized products. LMW Foundry makes Precision Castings for industries world over. LMW has added the Advanced Technology Centre to manufacture components for the Aerospace Industry.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Nov 02 2018|
|Buyback Closing Date:||Jan 03 2019|
|Buyback Offer Amount:||₹ 160 Cr|
|Date of Board Meeting approving the proposal:||Oct 22 2018|
|Date of Public Announcement:||Oct 22 2018|
|Buyback Number of Shares:||2,66,666|
|Buyback Price:||₹ 6000 Per Equity Share|