• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Feb. 27 Madras Cements has postponed its share buyback plans to February 29.

Without assigning any reasons for the decision, the company, in a BSE announcement, said: “Indbank Merchant Banking Services, the manager to the buyback offer, on behalf of Madras Cements Ltd will commence the buyback on February 29 instead of February 18 as scheduled.”

The company’s board in January approved a proposal to buy back shares at a maximum price of Rs 4,200 per share. The maximum amount for which the shares could be purchased would be Rs 644.726 crore.

On Wednesday, the company shares on BSE dropped 2.73 per cent to Rs 3,595.

More Stories on : Buyback | Stocks | Cement

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Sandvik opens research centre in Pune

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line