ICI India Ltd has announced that The current Share Buy back scheme announced by the Company vide its Public Announcement dated July 26, 2007 will be closing on July 11, 2008 on expiry of the prescribed 12 months period from the date of shareholder approval for the same.
Further the Company has informed that, a meeting of the Board of Directors of the Company will be held on July 17, 2008, will inter alia be considering a fresh proposal to buy-back its own shares by the Company, from minority shareholders through market operations at a price not exceeding Rs 575/- per share or such other limits as may be approved by the Board of Directors.
The stock closed the day at Rs.527.75, down by Rs.5.25 or 0.98%. The stock hit an intraday high of Rs.530 and low of Rs.516.
The total traded quantity was 429 compared to 2 week average of 853.
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