India Infoline share buyback deferred indefinitely
MUMBAI (Reuters) – India Infoline said on Thursday its plan to buy back equity shares would not commence from January 6, as announced earlier, pending a regulator approval.
The company had said on Dec. 23, its board had approved buying back up to 10 percent of equity at a maximum price of 99 rupees a share.
At 10:55 a.m., shares of India Infoline were at 79.65 rupees, down 2.39 percent in a weak Mumbai market.
source: Yahoo finance
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