Shares of Ajanta Pharma were up 5 per cent at Rs 2,160 on the BSE in Friday’s intra-day trade after the company said its board will meet on Tuesday, December 28 to consider a share buyback plan.
“The meeting of the board of directors of the Company is scheduled on Tuesday, December 28, 2021 to consider a proposal for buy-back of equity shares including matters related /incidental thereto,” Ajanta Pharma said on Thursday after market hours.
Buyback is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher
“The meeting of the board of directors of the Company is scheduled on Tuesday, December 28, 2021 to consider a proposal for buy-back of equity shares including matters related /incidental thereto,” Ajanta Pharma said on Thursday after market hours.
Buyback is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher