Balrampur Chini to buy back shares

Balrampur Chini Mills, in a board meeting today, has approved buyback of shares at a price not exceeding Rs 85 per share.

The company said that the money spent on the buyback will not exceed Rs 110 crore. The share price of the company was trading marginally up in the weak Mumbai market, at Rs 74.85 per share at 2.05 pm.