Frontline Securities Limited (BSE:533213) announces a share repurchase program. Under the program, the company will repurchase up to 1,890,027 shares of its issued shares for INR 75.6 million. The shares will be repurchased at a price on INR 40 per share. The purpose of the buyback program is to return surplus funds to the shareholders of the company and to reduce the total number of shares and enhance overall shareholders value by returning cash to the shareholders in an efficient and investor friendly manner. The buyback program will be funded from internal accruals of the company. The offer will be subject to approval of shareholders of the company by way of special resolution through postal ballot. The company has determined May 24, 2019, as the record date for the purpose of the offer. The offer is valid till June 28, 2019.