Buyback25 Jun 2025, 09:21 pm
Nicco Parks & Resorts Ltd. Receives Buyback Consideration of INR 18 Crores from Nicco Engineering Services Limited
AI Summary
Nicco Parks & Resorts Limited has received a formal communication from Nicco Engineering Services Limited (NESL) confirming the crediting of INR 18 Crores to the Company's designated bank account. This amount represents the consideration towards the equity shares tendered by the Company and accepted by NESL under its Buyback Offer. The buyback was conducted in accordance with the terms and conditions set forth in NESL's Letter of Offer dated 8 May 2025. This disclosure is made in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Nicco Parks & Resorts Limited has received INR 18 Crores from Nicco Engineering Services Limited as consideration for the buyback of equity shares.
- The buyback was conducted in accordance with the terms and conditions set forth in NESL's Letter of Offer dated 8 May 2025.
- The receipt of funds is in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.