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HPCL gains 5% as board to consider share buyback on November 4

The attractiveness of the buyback will be determined when the quantum and price of buyback is announced

HPCL gains 5% as board mulls share buyback on November 4

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3 min read Last Updated : Oct 30 2020 | 11:47 AM IST

Shares of Hindustan Petroleum Corporation (HPCL) gained 5 per cent to Rs 189.50 on the BSE on Friday after the state-owned oil marketing company said it will consider a proposal to buy back shares at its next board meeting on Wednesday, November 4, 2020.

Earlier, October 22, 2020, HPCL had informed that the board of directors of the company is scheduled to meet on Wednesday, November 04, 2020 for consideration and approval of financial results of the company for the second quarter & half year ended September 30, 2020.

“We now wish to inform you that in the

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