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.