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Article: HOV Services to buyback Rs 5 cr equities; plunges 10 pc.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- January 15, 2009
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HOV Services to buyback Rs 5 cr equities; plunges 10 pc
Mumbai, Jan 15 (PTI) Outsourcing services provider HOV Services today plunged nearly 10 per cent after the company said it would buyback its shares worth Rs 5 crore from the open market at Rs 50 a piece.
The company would buyback its shares of Rs 10 each from the existing shareholders at a price not exceeding Rs 50 a piece, HOV Services said in a filing to the Bombay Stock Exchange.
Under the offer, the company would buyback a maximum of 10 lakh shares, which represents 6.15 per cent of the aggregate of the company's total paid-up equity capital as on March 31, 2008 .
Buyback offer ...