Business Standard

Tata Investment Corporation surges 18% as board mulls share buyback

The primary objective of a share buyback programme is to arrest the fall in the value of a stock by reducing the supply of the stock.

money, esop, shares buyback
Premium

SI Reporter Mumbai
Shares of Tata Investment Corporation surged 18 per cent  to Rs 828 on BSE in the intra-day trade on Wednesday after the company said it's board will consider share buyback proposal at its meeting to be held on Friday, November 16, 2018.

“The board of directors will consider proposal for buyback of equity shares of the Company, at its meeting to be held on Friday, November 16, 2018,” Tata Investment Corporation, a Tata Group company said in a regulatory filing.

The primary objective of a share buyback programme is to arrest the fall in the value of a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in