Alibaba Group increases share repurchase programme to $10 billion
(Reuters) - Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion from $6 billion. 'This Share Repurchase Program will be effective for a two-year period through the end of 2022,' Alibaba said in a statement https://bwnews.pr/38IF0r7 late on Sunday.
(Reuters) - Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion from $6 billion.
"This Share Repurchase Program will be effective for a two-year period through the end of 2022," Alibaba said in a statement https://bwnews.pr/38IF0r7 late on Sunday.
(Reporting by Kanishka Singh in Bengaluru; Editing by Tom Hogue)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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