Agro Tech Foods has rallied 6.5% to Rs 524 after the company said its board will consider share buyback proposal.
“The board of directors of the company will meet on April 24, 2013 to consider a proposal of buyback of equity shares of the company,” Agro Tech Foods said in a filing.
The board will also consider the approval of the audited accounts and recommending the payment of dividend if any for the year ending March 31, 2013, it added.
As on December 2012, the promoters held 51.77% stake in the agricultural products company. Domestic institutional investors (DIIs) have 8.34% holding, foreign institutional investors held 2.23%, while the remaining 37.66% stake are with the individual shareholders, bodies corporate and others.
The company has equity capital of Rs 24.37 crore and total reserves of Rs 184.55 crore as on March 31, 2012.
The stock opened at Rs 515 and hit a high of Rs 530 on NSE. A combined around 12,990 shares have changed hands on the counter till early noon deals on NSE and BSE.
“The board of directors of the company will meet on April 24, 2013 to consider a proposal of buyback of equity shares of the company,” Agro Tech Foods said in a filing.
The board will also consider the approval of the audited accounts and recommending the payment of dividend if any for the year ending March 31, 2013, it added.
As on December 2012, the promoters held 51.77% stake in the agricultural products company. Domestic institutional investors (DIIs) have 8.34% holding, foreign institutional investors held 2.23%, while the remaining 37.66% stake are with the individual shareholders, bodies corporate and others.
The company has equity capital of Rs 24.37 crore and total reserves of Rs 184.55 crore as on March 31, 2012.
The stock opened at Rs 515 and hit a high of Rs 530 on NSE. A combined around 12,990 shares have changed hands on the counter till early noon deals on NSE and BSE.