Avantel to close buyback window

Shares of Avantel may come under pressure as the company decided to end its buyback window much ahead of the original schedule of February 2015. The board of directors is meeting on Thursday to consider the closure of the buyback of equity shares, it informed the exchanges. Avantel, so far, bought back 1.11 lakh shares as against the original target of 2.25 lakh shares. It set a maximum price of ₹90 a share for a total amount of ₹1.83 crore.