Abbott to consider buyback at Rs 650 per share

The board of directors of Abbott India are scheduled to meet on September 05, 2007, to consider a proposal for buyback of a portion of fully paid equity shares of the company.

According to a release issued by Abbott to the BSE today, the buyback price to be determined by the board will not exceed Rs 650 per equity share.

At 1145 hrs the stock was trading 12% up at Rs 590 on the BSE.