Stocks

Monte Carlo to turn ex-date for buyback

| Updated on February 19, 2019 Published on February 19, 2019

 

Shares of Monte Carlo Fashions may see some demand on Wednesday, as they turn ex-date on Thursday for the proposed buyback. It plans to buy back 10 lakh shares, representing 4.60 per cent of the total paid-up equity share capital of the company, at ₹550 a share. The company has fixed the record date at February 22 for the buyback. Investors wishing to participate in the offer need to own the company’s shares by Wednesday, as it would be done on tender basis.

Published on February 19, 2019
This article is closed for comments.
Please Email the Editor