 "Sun TV's share price touches all time high in October as company plans to buy back shares")
The company today informed has informed Bombay Stock Exchange that a meeting of the Board of Directors of the Company will be held on November 5, 2015, inter alia, to consider and if thought fit to approve a proposal to buy-back the fully paid-up Equity Shares of the company.
The company officials were not available for a comment. Calls made to Sun Group's CFO S L Narayanan was not responded.
The share prices, which was at Rs 377 per share during the opening of the day, went up to Rs 411.3 after the announcement, which is the highest in the month, and ended at Rs 395.7 by the time of market closing.
It may be noted that the promoter and promoter group holds around 75% of the equity share in the company.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app