Weizmann Forex has given approval to buyback 4,36,467 equity shares at a price of Rs.702.

In a release the company stated that, its board of directors at its meeting held on June 4, have given approval to buy back of 4,36,467 fully paid up equity shares of face value of Rs.10 representing 3.77% of the total number of outstanding equity shares of the company, at a price of Rs.702 per equity share, for an aggregate amount of Rs.30.64 crore out of free reserves.

Moreover, it is proposed that the buyback will be made from all equity shareholders as on record date, on a proportional basis via the tender offer route.

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