The Board of Directors of TATA Investment Corporation Ltd at its meeting held today at 4-00 p.m. and concluded at 5-00 p.m. has approved a proposal to buyback upto 45,00,000 Equity Shares (Forty Five Lakhs Only) of the Company for an aggregate amount not exceeding Rs. 450 Crores (Rupees Four Hundred and Fifty Crores Only) (hereinafter referred to as the 'Buyback Size') being 8.17% of the total paid-up equity share capital, at Rs.1,000 (Rupees One Thousand Only) per Equity Share (hereinafter referred to as the 'Buyback Price').
Shares of TATA INVESTMENT CORPORATION LTD. was last trading in BSE at Rs.823.05 as compared to the previous close of Rs. 804.4. The total number of shares traded during the day was 33910 in over 1739 trades.
The stock hit an intraday high of Rs. 842 and intraday low of 816.2. The net turnover during the day was Rs. 28162359.