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Route Mobile rebounds 23% from 18-month low as board mulls buyback plan

The company said the board is scheduled to meet on Tuesday, June 28, 2022, to consider a proposal for buyback of fully paid up equity shares of the company

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SI Reporter Mumbai
Shares of Route Mobile jumped 9 per cent to Rs 1,287 on the BSE in Friday's intra-day trade, surging 18 per cent in the past two trading days, after the company announced buyback plan.

The stock of other telecom services provider has rebound 23 per cent from its 18-month low of Rs 1,052.60, touched on Thursday, June 23, in the intra-day trade. In comparison, the S&P BSE Sensex was up 0.92 per cent at 52,747 points at 09:30 AM.

"A meeting of the Board of Directors of the Company is schedule to be held on Tuesday, June 28,

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First Published: Jun 24 2022 | 9:50 AM IST

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