Rain Commodities has soared 12% at Rs 29.25 after the company announced buyback of its own equity shares.
“The board of directors of the company will meet on October 25, 2011, to consider the proposal to buyback the fully-paid equity shares of the company, subject to shareholders' approval," the company said in a filing to the stock exchanges.
The board will also consider and the unaudited financial results for the third quarter ended September 30, 2011.
Around 100,000 shares have changed hands on the counter in opening deals on the NSE and the BSE.
