AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
India: Buyback plan jacks up Sterlite.
STERLITE Industries: Shares of this company have gained in the past week following the board's approval for a buyback plan. Sterlite plans to buy back up to half of its equity at a price of Rs 150 a share and to delist from the bourses if the company's holding after the buyback exceeds 90 per cent.
Following this move, the company's shares have registered an increase of around 14 per cent, closing at Rs 127.45 on Friday over last week's close of Rs 109.95.
However, this advance may temporarily abate, since news of the company's long-term debt rating being reviewed by CRISIL (to guage the effect of the buyback on the company's risk profile) came after markets …
-
- Reliance Industries (Rs 835.4).
-
News wire article from: Business Line
October 23, 2011
700+ words
-
- Reliance Industries (Rs 936.1).
-
News wire article from: Business Line
June 5, 2011
700+ words
-
- Infosys (Rs 2,706.1).
-
News wire article from: Business Line
December 11, 2011
700+ words
-
- Rs 1.233 billion disbursed to small farmers for kharif crop.
-
Magazine article from: Business Recorder
July 19, 2006
700+ words
-
- Infosys (Rs 2,859.4).
-
News wire article from: Business Line
March 6, 2012
700+ words
