D. B. Corp Limited (BSE:533151) announces a share repurchase program. Under the program, the company will repurchase up to 9,200,000 shares, representing 5% of its issued share capital at a price of INR 340 per share for INR 3,128 million. The purpose of the offer is to return surplus cash to its shareholders, thereby, enhancing the overall return to the shareholders, optimizing capital structure of the company. The funds for the Buyback will be sourced from internal accruals such as cash balances and /or liquidation of financial instruments and/or other sources. The shares will be repurchased on a proportionate basis. The record date for the offer is July 18, 2018. The plan is subject to shareholders' approval through a special resolution via postal ballot. As of May 18, 2018, The company had 184,037,323 share capital.

On June 6, 2018, the company sent a notice of postal ballot to shareholders.