The board in its meeting held on February 22, 2018 approved the proposal to buyback not exceeding 13,35,000 equity shares of the company at a price of Rs 810 per equity share.
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Shares of KPR Mill gained 4.5 percent intraday Thursday on approval of buyback of equity shares.
The board in its meeting held on February 22, 2018 approved the proposal to buyback not exceeding 13,35,000 equity shares of the company at a price of Rs 810 per equity share payable in cash for an aggregate consideration not exceeding Rs108,13,50,000.
At 13:38 hrs KPR Mill was quoting at Rs 717.05, up Rs 23.30, or 3.36 percent on the BSE.
The share touched its 52-week high Rs 882 and 52-week low Rs 570 on 08 June, 2017 and 23 February, 2017, respectively.
Currently, it is trading 18.49 percent below its 52-week high and 26.12 percent above its 52-week low.
Posted by Rakesh Patil
