KPR Mill gains 6% ahead of board meeting this week for share buyback
A meeting of board of directors is scheduled to be held on February 22 to consider the proposal for buy-back of the fully paid-up equity shares.
February 19, 2018 / 09:38 AM IST
Arvind Fashions' interest cost for FY20 was Rs 289 crore, while the operating profit for the same fiscal was Rs 231 crore.
KPR Mill scrip price gained nearly 6 percent in early trade Monday ahead of board meeting to consider share buyback this week.
"A meeting of board of directors is scheduled to be held on February 22 to consider the proposal for buy-back of the fully paid-up equity shares," the textile company said in its filing.
"Further, in connection with the proposal for buy-back of shares, the period from February 18 to February 24 (both days inclusive) is to be treated as ‘trading window closure period’ for all directors and designated officers of the company to deal in the shares of the company," it added.
At 09:27 hours IST, the stock price was quoting at Rs 710.95, up Rs 35.75, or 5.29 percent on the BSE.