India Infoline share buyback deferred indefinitely

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India Infoline share buyback deferred indefinitely

This article was posted on Jan 6, 2011 and is filed under Market News

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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