At 2.36pm, shares of Novartis India were trading 7.42% lower at Rs631.95 on BSE. Photo: Bloomberg
New Delhi: Novartis India Ltd on Monday said its board of directors approved share buyback worth up to Rs231 crore.
The company its board has authorised a buyback of up to 34,50,000 equity shares of the company at a price of Rs670 per share, totaling Rs231 crore, the company said in a filing to the Bombay Stock Exchange (BSE).
At 2.36pm, shares of Novartis India were trading 7.42% lower at Rs631.95 on BSE, while the Sensex fell 0.98% to 31,608.