Kale Consultants soars 17% on buy back plans

Kale Consultants soars 17% on buy back plans

Kale Consultants has rallied 17% at Rs 138 after announcing buy back of its equity shares.

“The board of directors of the company will meet on February 01, 2012 to consider a proposal for buy back of the company's equity shares in accordance with all applicable provisions of laws,” the mid-cap IT firm said in a filing to the stock exchanges.

The board will also consider the un-audited financial results for the quarter ended December 31, 2011, it added.

Around 35,000 shares have changed hands on the counter so far on both the exchanges.