Pidilite Industries hits record high as board to consider share buyback

The stock hit a record high of Rs 924, up 4% on the BSE after Pidilite Industries said that its board will meet on December 26, to consider the proposal to buyback the equity shares of the company.

Pidilite Industries hit new record high of Rs 924, up 4% on the BSE in early morning trade after the company announced that its board will meet on Tuesday, December 26, 2017 to consider the proposal to buyback the equity shares of the Company.

In a filing to the BSE on December 20, the company said, “Pidilite Industries has informed that a meeting of the Board of Directors of the Company will be held on December 26, 2017, inter alia, to consider the proposal to buyback the fully paid-up equity shares of the Company.”

As of September 2017,