|
Jun 21, 2012, 02.06 PM IST
Shares of Allcargo Logistics dropped over 5% after the company approved buyback of equity shares yesterday. Profit booking could also be the reason behind falling stock price.
Shares of Allcargo Logistics dropped over 5% after the company approved buyback of equity shares yesterday. Profit booking could also be the reason behind falling stock price.
In a release sent BSE, company said, "The Board of Directors, on June 20, 2012, has unanimously approved the buy-back of equity shares under the open market mechanism through the stock exchanges at a price not exceeding Rs 142.50 per equity share of Rs 2 each fully paid up subject to the condition that the aggregate consideration payable for such buy-back shall be limited to Rs 75 crore. i.e. within the 10% of the paid up capital and free reserves of the company as at March 31, 2012."
At 13:57 hours IST, the share was trading at Rs 130.20, down 5.14% with volumes of 14,105 shares.
Set email alert for |
 From DJ EU Officials Spain Aid Cap Of 100 Bn Euros 'should Be Enough'  The latest earning numbers FIRST on CNBC-TV18
News Videos
|
