 "Insecticides (India) to set up manufacturing unit in UP")
Shares of Insecticides (India) surged 11 per cent to Rs 492 on the BSE in intra-day trade on Tuesday after the agrochemicals company said its board will meet on March 30 to consider a share buyback proposal.
“A meeting of the board of directors of Insecticides (India) is scheduled to be held on Tuesday, March 30, 2021, inter-alia, to consider the proposal for buyback of the fully paid-up equity shares of the Company of the face value of Rs 10 each, as well as, matters related/incidental thereto,” the company said in an exchange filing.
A buyback, also known as a share repurchase,
