Tulive Developers Limited (BSE:505285) announces a share repurchase program. Under the program, the company will repurchase up to 480,000 common shares, for INR 168 million. The shares will be repurchased at a price of INR 350 per share. The purpose of the repurchase program is to enhance the overall shareholder's value, optimize returns to shareholders and to reduce the number of equity shares. The repurchase program will be funded from free reserves and/or current surplus and/or cash balances and/or internal accruals of the company and/or other sources as permitted by the law. The repurchased shares will be cancelled and will not be held for reissuance. The repurchase program is subject to shareholder approval through postal ballot. The company has fixed the record date as April 22, 2019. The plan will be valid up to June 4, 2019.