FDC surges 8% as board to consider share buyback proposal

The company's board will meet on February 9, 2022 to consider the proposal for buyback of equity shares of the company through tender offer route.

Shares of FDC surged 8 per cent to Rs 319 on the BSE in Monday’s intra-day trade after the company said that its board will meet on February 9, 2022 to consider the proposal for buyback of equity shares of the company through tender offer route.

At 09:26 am; the stock of pharmaceutical company traded 7 per cent higher at Rs 314.75, as compared to 0.5 per cent decline in the S&P BSE Sensex. In the past six months, the stock has declined 14 per cent, as against a 8 per cent rise in the benchmark index. It has