 "Share prices get boost after buyback")
Gandhi Special Tubes surged 16% to Rs 405, also its 52-week high on the BSE in intra-day trade, after the company announced that its board approved share buyback at a price of Rs 500 per share through tender offer.
“The company to undertake a buyback of up to 880,000 equity shares of Rs 5 each aggregating up to 5.99% of the total paid up capital of the company at a price of Rs 500 per share, on proportionate basis through tender offer,” Gandhi Special Tubes said in a BSE filing.
The promoters have the option to participate in
“The company to undertake a buyback of up to 880,000 equity shares of Rs 5 each aggregating up to 5.99% of the total paid up capital of the company at a price of Rs 500 per share, on proportionate basis through tender offer,” Gandhi Special Tubes said in a BSE filing.
The promoters have the option to participate in
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