What to watch. ACE board meet today, buyback plan on agenda

The board of Action Construction Equipment (ACE) will meet on Thursday to consider financial results for the quarter and the year ended March, 2019 and a dividend proposal. Besides, the board will also consider a buyback proposal. Shareholders will closely monitor the buyback size, quantum of shares to be bought back and the price of the issue. Shareholders will also keen to know the mode of buyback, whether from open market or via tender route on a proportionate basis.