Out of a total deliverable 30,87,694 shares ( since the commencement of the buy back by Vardhman Acrylics Ltd.), the Company bought back a total of 26,10,690 shares (about 84.55 % of the delivery volume) leaving others investors to increase their collective holdings by 8,69,778 shares.
During May/June BB got 76.04% of Delivery volume - average of 84478 daily at an average rate of 9.68 ;
and in July, with increase in BB rate to 10.92 , they got 72.09% of Delivery volume - average of 66767 daily.
Balance 23,89,310 shares are likely to be bought back at higher price range to fulfill the minimum requirement.
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