KIOCL falls 17% after Co approves buyback of shares up to Rs214cr

KIOCL's plummetted ~18% after the company's board approved a proposal to buyback (not exceeding) 1.26cr equity shares (representing 1.98% of the total number of equity shares in the paid-up share capital of the company). The buyback has been set at a price of Rs170 per equity share of face value Rs10 each, payable in cash for an aggregate consideration not exceeding Rs214cr.

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