Shares of Avantel will remain in focus, as the company’s board is meeting on Thursday to consider, among other things, a buyback proposal. Traders and analysts would be keen to know the size and offer price. The stock on Wednesday closed at ₹79.7 on the BSE. Earlier last month, the company had withdrawn the buyback plan (at a price of ₹75) as the stock had jumped sharply, making the offer unattractive. The stock has jumped over 80 per cent this year.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.