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Aptech shares zoomed 6.3 per cent to Rs 62.25 on the BSE after the company said it has received approval from its shareholders for the proposed share buyback offer through postal ballot.
During the early hours, the stock hit a high of Rs 63.25. The company had fixed the maximum buyback price at Rs 82.
The company’s board on May 13 had approved the buyback from the open market up to 25 per cent of the paid-up capital.
“The maximum price of buyback of shares will be up to Rs 82 per share and the aggregate consideration for buyback will be up to Rs 64.66 crore,” the company said in a filing.
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