Emami Ltd. approved a share buyback of 64.69 lakh shares for a total amount not exceeding Rs 194 crore, as per an exchange fling. The buyback will be carried out at a price not exceeding Rs 300 per equity share, a substantial premium to the current price.
The Maximum Buyback size represents 10 percent and 9.8 percent of the aggregate of the total paid up capital and free reserves of the company.
The board has also declared a second interim dividend of Rs 2 per share. Record date for the same has been set as March 27, 2020.
The stock currently trades 3 percent lower at Rs 183.50 on the National Stock Exchange.
Nifty Bank: March 19 Expiry
The stock pared losses to gain as much as 3.91 percent to Rs 987 on the National Stock Exchange.
Alert: Earlier deadline for March-quarter results was May 30.
45.3 lakh shares of Bharti Infratel Ltd. exchanged hands in two large trades on the National Stock Exchange, as per Bloomberg data. Buyers and sellers of the trade were not immediately known.
The stock fell as much as 20 percent to an all-time low of Rs 120 on the National Stock Exchange.
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Shares are up for the third straight day, rising as much as 5 percent to Rs 158.30 on the National Stock Exchange.
Nifty Bank: March 19 Expiry
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PM Shri @narendramodi will address the nation on 19th March 2020 at 8 PM, during which he will talk about issues relating to COVID-19 and the efforts to combat it.
— PMO India (@PMOIndia) March 18, 2020
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