Garments maker Provogue India today said it will buy back shares worth Rs 50 crore from its shareholders through open market route.
"The directors have approved to repurchase 50 lakh shares at Rs 100 a piece, aggregating to Rs 50 crore," Provogue India said in a filing to the Bombay Stock Exchange.
The buy-back is subject to necessary regulatory approvals, the filing added.
Shares of Provogue India were trading at Rs 66.50 on the BSE, up 1.99 per cent from previous close.