ICI India Board to consider buy-back of shares at Rs.575

ICI India Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 26, 2007 to consider a proposal for buy-back of its own shares, at a price not exceeding Rs 575/- per share from minority shareholders through market operations.

The stock closed the day at Rs.502.50, up by Rs.20.40 or 4.23%. The stock hit an intraday high of Rs.505.95 and low of Rs.485. The total traded quantity was 8173 compared to 2 week average of 3708.

Source : Equity Bulls

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