Stocks

KIOCL board to meet for buyback proposal

| Updated on September 18, 2018 Published on September 17, 2018

The board of directors of KIOCL, formerly Kudremukh Iron Ore Company, will meet on Tuesday to consider a proposal for buyback of the company’s fully paid-up equity shares. Investors in the PSU would like to know the issue size and price. The stock, on Monday, closed at ₹234.20 on the BSE. Another important factor that would attract market participants’ interest is the mode of buyback — whether through open market purchase or via tender route on proportionate basis.

Published on September 17, 2018
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