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Mar 20, 2017 11:07 AM IST | Source: Moneycontrol.com

Marathon Nextgen Realty rises 3% post buyback plan approval

The company at its meeting held on March 17 has approved a proposal to buyback up to 54,37,345 equity shares at Rs 275 per equity share.

 
 
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Share price of Marathon Nextgen Realty added 3 percent intraday Monday on approval of buyback plan.

The company at its meeting held on March 17 has approved a proposal to buyback up to 54,37,345 equity shares for an aggregate of Rs 49,52,69,875 being 19.12 percent of the total paid-up equity share capital, at Rs 275 per equity share.

At 10:52 hrs Marathon Nextgen Realty was quoting at Rs 260, up Rs 2.60, or 1.01 percent on the BSE.

Posted by Rakesh Patil
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