Comments
The shares of SIS Ltd. gained nearly 5 per cent on Tuesday after the company approved a buyback proposal of fully paid-up equity shares worth ₹100 crore.
At 10:11 am, SIS Ltd was trading at ₹446.60 on the BSE, up ₹20.45 or 4.80 per cent. It opened at ₹440.20 as against the previous close of ₹426.15. It hit an intraday high of ₹465.00 and an intraday low of ₹440.00.
Related Stories
SIS India eyes double-digit domestic growth
Posted highest quarterly revenue in company’s history in December 2020, at ₹2,358 croreOn the NSE, it was trading at ₹445.70, up ₹19.95 or 4.69 per cent.
The Board of Directors of the company on Monday approved a proposal for buyback of fully paid-up equity shares of the company worth ₹100 crore from all shareholders as on record date, which will be decided subsequently, on a proportionate basis, through the "tender offer" route. The board approved a price of ₹550 per share to buyback 18.18 lakh shares, representing 1.24 per cent of the total number of equity shares in the company’s total paid-up equity capital as on March 31, 2020.
Comments
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.