ICRA gains 6% as board mulls share buyback proposal

The stock gained 6% to Rs 3,657 on the BSE in intra-day trade after the company said it's board will consider share buyback proposal on Thursday, August 9, 2018.

Shares of ICRA have gained 6% to Rs 3,657 per share on the BSE in intra-day trade after the company- an Indian subsidiary of ratings agency Moody's, said it will consider share buyback proposal on Thursday, August 9, 2018.

Earlier, on July 24, 2018, ICRA had informed the stock exchanges that the board meeting of the company is scheduled to be held on August 9, 2018, to consider and approve the unaudited financial results (standalone and consolidated) of the company for the quarter ended June 30, 2018.

“The board of directors of the Company will also consider a