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Rating agency Crisil today approved the the proposal to buy back of equity shares at a price of up to ₹2,310 per share.
The maximum buyback price was at an 18.8 per cent premium to Tuesday's close.
According to analysts, the company will be able to buy back 0.6 per cent of its total equity and it may increase the promoter stake to 67.4 per cent from 67 per cent currently.
At 1.10 pm, shares of Crisil were trading at Rs 2,002.35 apiece, up 3.28% on the BSE.
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