Sreeleathers rises 10% on buyback plan
The company's board meeting is scheduled to be held on October 14, to consider, approve and take on record the proposal for buyback of equity shares of the company.
Moneycontrol News
Shares of Sreeleathers touched 52-week high of Rs 207.60, gaining 10 percent intraday Wednesday as it is going to consider the proposal of buyback of shares.
The company's board meeting is scheduled to be held on October 14, to consider, approve and take on record the proposal for buyback of equity shares of the company.
The board will also consider the quantum & mode of buyback, constitution of buyback committee, for the purpose of buyback and other incidental matters thereto.
The company has decided to close trading window under code of internal procedures and conduct for prevention of insider trading in securities of Sreeleathers from October 10, 2017 to October 16, 2017.
At 09:28 hrs Sreeleathers was quoting at Rs 198.65, up Rs 9.65, or 5.11 percent on the NSE.
The share price increased by 53 percent in the last 6 months.
Posted by Rakesh Patil
