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Shares of KIOCL (Kudremukh Iron Ore Company Limited) were locked in the 10 per cent upper circuit band at Rs 141.95 on the BSE on Wednesday after the company said its board will meet on Monday, October 19, to consider share buyback proposal.
Till 02:46 pm, a combined 273,000 equity shares had changed hands on the NSE and BSE and there were pending buy orders for around 47,000 shares, exchange data shows.
"The meeting of board of directors of the company will be held on Monday, October 19, 2020, inter-alia to consider the proposal for buy back of fully paid-up equity shares
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