05 Nov 07 ANG Auto Buyback offer details
ANG Auto Limited has informed the stock exchanges that the board of directors of ANG Auto will meet on November 12, 2007 to consider a share buyback offer through which ANG Auto will buyback the equity shares of the company from the shareholders of ANG Auto upto a maximum of 25% of the paidup capital of the company. As soon as the announcement was made, the share prices of ANG Auto moved up smartly by about 10%. More details on the ANG Auto Buyback offer including the offer price for the share buy-back proposal will be known after the board meeting is over.
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