The Ramco Cements Limited (BSE:500260) announces a share repurchase program. Under the program, the company will repurchase up to INR 1,800 million worth of its shares. The shares will be purchased at a price of INR 720 per share. At the maximum buyback price and for maximum buyback size, the maximum number of equity shares bought back would be 2,500,000 shares and based on the minimum buyback size and the maximum buyback price, the company would purchase minimum of 1,250,000 shares. The shares will be purchased through the open market on the stock Exchanges under the SEBI (Buy-Back of Securities) Regulations, 1998 and the Companies Act, 2013. The buyback will help the company to optimize returns to shareholders and enhance overall shareholders value. The actual number of equity shares bought back during the buyback will depend upon the actual price, excluding the transaction costs, paid for equity shares bought back and the aggregate consideration paid, subject to the maximum buyback size and minimum buyback size. The buyback program will be valid for 6 months from the date of opening of the program, i.e., August 18, 2017, or when the company completes the buyback of maximum buyback shares or deploying the amount equivalent to the maximum buyback size, or at such earlier date as may be determined by the Board, subject to the company having deployed an amount equivalent to the minimum buyback size, whichever is earlier.