Indo Asian Fusegear buy-back at Rs 130/share; stock up

MUMBAI: Indo Asian Fusegear has approved buy-back of fully paid up equity shares of Rs 10 each at a price of Rs 130 per share for an aggregate amount of Rs 23.19 crore.

The maximum number of shares that can be bought back would be 17,84,162 equity shares representing 6.45 per cent of the company's paid up equity capital.

The stock was at Rs 80.60, up 1.83 per cent on the NSE. It touched a high of Rs 84.80 and low of Rs 80.10 in trade so far.