 "NBCC")
Marathon Nextgen Realty surged 18% to Rs 264 on BSE in intra-day trade after the real estate developer said that it board will meet on Friday to consider share buyback proposal.
“A meeting of board of directors of the company is scheduled to be held on March 17, 2017, to consider the proposal of buy-back of equity shares of the company and new project proposal,” Marathon Nextgen Realty said in a BSE filing.
As of December 31, 2016, the promoters held 75% stake in the company. The remaining holdings or 23.22% stake are with the individual shareholders.
“A meeting of board of directors of the company is scheduled to be held on March 17, 2017, to consider the proposal of buy-back of equity shares of the company and new project proposal,” Marathon Nextgen Realty said in a BSE filing.
As of December 31, 2016, the promoters held 75% stake in the company. The remaining holdings or 23.22% stake are with the individual shareholders.
