Eicher Motors to commence buy-back on March 12

Eicher Motors through its manager`s, JM Financial Consultants (P) has announced that it would commence buy-back of its equity shares on Mar 12, 2009.

The offer would be open for a limited period till March 26, 2009.

The company proposes to buy-back up to 1.41 million fully paid-up equity shares of the face value Rs.10 each at a price of Rs. 691.68 an equity share in cash, for an amount aggregating up to Rs. 974.60 million.