The cement maker also fixed July 5 as record date for determining the members of the company who are eligible to participate in the buyback offer
Moneycontrol News
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Star Cement shares rallied 4 percent intraday on June 24 after the board approved the proposal for a share buyback.
The stock was quoting at Rs 122.80, up Rs 1.30, or 1.07 percent on the BSE at 1331 hours IST.
The company, on June 21, said it approved a proposal to buyback up to 68 lakh shares at a price of Rs 150 per share, for an aggregate consideration not exceeding Rs 102 crore.
First Published on Jun 24, 2019 02:01 pm
