PVR Inox to consider share buyback proposal, board to meet on Aug 31
The company has not shared any details on the number of shares or the price at which it will offer the buyback plan
PVR Inox shares surged over 4% on Tuesday following news that the board will meet on August 31 to discuss the company's first-ever share buyback. The stock reached a new 52-week high of Rs 1,231.80 per share. The board meeting is set to approve a proposal for the repurchase of equity shares with a face value of Rs 10 each. The record date for determining eligible shareholders has yet to be announced, and the method of buyback (tender or open market) is also yet to be disclosed.
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