/ Gujarat Apollo Surges 5% As Board Considers BuyBack ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 11 April 2017

Shares of Gujarat Apollo IndustriesBSE 6.83 % jumped over 5 per cent in Tuesday’s trade after the company said its board will consider share buyback on Thursday. 

In a filing to BSE, the company said: “The board of directors of Gujarat ApolloBSE 6.83 % Industries will be held on Thursday at 4 pm, at Ahmedabad Corporate Office, to evaluate the proposal for buyback of equity shares of the company.” 

“Further, in accordance with code of conduct for prevention of insider trading framed by the company pursuant to the Sebi (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company will be closed for all directors, officers, its subsidiary company, designated employees and their immediate relatives from April 11, 2017 to April 14,” the company said.
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