Share price of Mphasis and NLC India (earlier
known as Neyveli Lignite Corporation) gained 5.6 and 7.2 percent respectively
on Friday as companies going to consider the buyback of its equity shares.
Mphasis' board meeting will be held on January 31, to
consider a proposal for buyback of the equity shares in accordance with the
applicable provisions of the Companies Act, 2013 and the Securities and
Exchange Board of India (buyback of Securities) Regulations, 1998.
NLC India also consider matters related to buyback
of fully paid equity shares of the company including matters related/incidental
thereto and any other matter as the board of the directors may decide during
the course of the meeting, in the board meeting scheduled to be held on January
31.
At 09:26 hrs Mphasis was quoting at Rs 559.50, up
Rs 24.95, or 4.67 percent on the BSE.
NLC India was quoting at Rs 98.50, up Rs 5.15, or
5.52 percent, touched a 52-week high of Rs 100.10 on the BSE.
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