Zee Entertainment surges on share buyback report
Shares of Zee Entertainment rose over 2% in early trade on Monday after the company said it may buy-back equity shares of the company.
By ET Online | Updated:
NEW DELHI: Shares of Zee Entertainment rose over 2% in early trade on Monday after the company said it may buy-back equity shares of the company up to a value not exceeding 10 per cent of the paid up capital and free reserves.
In a filing to the BSE, ZEEL said a meeting of its board of directors will be held on April 4 to consider the proposal.
Earlier this month, ZEEL had announced closure of a buy-back programme that commenced on July 27, 2011.
At 11:10 a.m., shares of the company were trading 2.5% higher at Rs 129.70. The stock has hit a high of Rs 135.50 and a low of Rs 128.10.
In a filing to the BSE, ZEEL said a meeting of its board of directors will be held on April 4 to consider the proposal.
Earlier this month, ZEEL had announced closure of a buy-back programme that commenced on July 27, 2011.
At 11:10 a.m., shares of the company were trading 2.5% higher at Rs 129.70. The stock has hit a high of Rs 135.50 and a low of Rs 128.10.
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