Friday, May 11, 2018

PC Jewellers board approves buy back at Rs 350 per share

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PC Jewellers board has approved buy-back of shares worth Rs 4.24 billion amid a sharp plunge in stock price in recent weeks. The shares will be bought back at Rs 350 per unit, which is 67 per cent higher than the yesterday's closing price. 

Promoters will not participate in the buy-back process. The company will  buy-back 1,21,14,286 fully paid-up equity shares of Rs 10 each.

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