Life @ TradeIndia Research

Friday, 27 January 2017

Mphasis, NLC India up 5-7%

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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