Balrampur Chini Mills Limited (BSE:500038) announces a share repurchase program. Under the program, the company will repurchase up to INR 2,152.5 million worth of shares. The shares will be repurchased at a price of INR 410 per share. The purpose of the buyback is to optimize returns to shareholders thereby enhancing the overall shareholders value, and optimize the capital structure. The program will be funded from the company's free reserves through sale of investments, mutual funds, liquid investments held and internal accruals of the Company. The program is valid earlier of February 16, 2022, or when the company deploys the maximum amount or at such earlier date as the Board may decide. As of August 6, 2021, the company had 210,000,000 shares in issue.