Airtel jumps 3 percent after co says share buyback on table

Mumbai: Bharti Airtel's scrip on Monday rose by 3 per cent after the company said its board will consider buyback of equity shares or a final dividend, or a combination of both, at its meeting on Wednesday.

Reuters

Reuters

The stock gained 3 per cent to Rs 363.85 on BSE. On NSE, it went up by 3 per cent to Rs 364. The company, however, did not specify the number of shares it wants to buy back.

"The board of directors of the company will consider recommending final dividend for the financial year ended March 31, 2016, or buyback of shares of the company, or a combination thereof, at its meeting scheduled to be held on April 27, 2016," the company had said in a filing to BSE on Saturday.

As of the quarter ended March, public shareholding of the company stood at 33.21 per cent whereas the promoters held 66.74 per cent.


Updated Date: Apr 25, 2016 12:11 PM

Also Watch

It's A Wrap: Omerta star Rajkummar Rao in conversation with Parul Sharma
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Thursday, April 19, 2018 Watch: National-level skater and coach Dhwanit Rele trains and nurtures budding athletes
  • Monday, May 14, 2018 FOMO Episode 1: Google Assistant, This is America, Sonam's wedding & Global Warming
  • Saturday, May 19, 2018 Social Media Star: Rajkummar Rao and Bhuvan Bam open up about selfie culture, online trolls

Also See