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The Economic Times
The Economic Times
Business
Debaroti Adhikary

PVR Inox shares jump 4% to new 52-week high as board mulls first ever share buyback on Aug 31. Here’s what we know so far

PVR Inox NSE

Shares of PVR Inox rallied more than 4% on Tuesday after it announced that the board of directors will meet on August 31 (Monday) to consider and approve a proposal for the multiplex chain operator’s first ever buyback of the equity shares.

The shares of the company jumped to a fresh 52-week high of Rs 1,231.80 apiece on NSE on Tuesday. In an exchange filing released before market opened on Tuesday, PVR Inox said the board meeting has been scheduled for Monday, where the directors will consider and approve a proposal for buyback of the equity shares of the company, with a face value of Rs 10 each.

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