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ETC to buy back shares

Our Bureau

Mumbai, Aug. 29

ETC Networks Ltd has announced buyback of its shares at a price not exceeding Rs 62 per share.

The company would be spending not more than Rs 6.6 crore for the buyback of 10,71,401 shares.

The buyback would begin on September 4 and can continue till April 23, 2007. The buyback will be implemented by way of open market purchases through BSE and NSE. Zee Telefilms and Asian Satellite Broadcast Pvt Ltd are the joint promoters of ETC Networks Ltd.

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