Maharashtra Seamless Ltd Board to consider Buy-Back of Equity Shares

A meeting of the Board of Directors of Maharashtra Seamless Ltd will be held on April 08, 2013, to consider a proposal for Buy-Back of Equity Shares of the Company upto such amount of the aggregate of Company's paid up equity capital and free reserves as the Board of Directors may propose in accordance with the provisions of Sections 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 as amended thereof.

The buy-back will be Implemented with the approval of the Board of the Company and all other applicable statutory approvals.

Shares of Maharashtra Seamless Ltd last traded in BSE at Rs.204.05, down by Rs.6.45 or 3.06%. The stock hit an intraday high of Rs.209 and low of Rs.202.15.

The total traded quantity was 4139 compared to 2 week average of 1608.

Source : Equity Bulls

Keywords