Tuesday, March 04, 2025 | 10:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

OnMobile Global up 5% as board approves share buyback

The board approved buyback of shares through stock exchange mechanism, at a price not exceeding Rs 86 per equity share.

SI Reporter Mumbai
OnMobile Global is locked in upper circuit of 5% at Rs 72.60 on BSE after the company said its board approved the buyback of equity shares of the company at a price not exceeding Rs 86 per share.

“The board of directors of the company at its meeting held on December 11, 2014, has decided on Buy-Back of Company’s equity shares of Rs 10 each from open market through stock exchange mechanism, at a price not exceeding Rs 86 per equity share payable in cash for an aggregate amount not exceeding Rs 49 crore,” OnMobile Global said in a statement.

At 0917 hours, a combined 530,014 shares changed hands and there are pending buy orders for 686,742 shares on BSE and NSE.
 
 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 12 2014 | 9:21 AM IST

Explore News