 "shares, buyback, invest, mutual fund, income, dividend")
Shares of Selan Exploration Technology moved higher by 16% to Rs 201 on BSE on Thursday after the board approved buyback of equity shares at a price not exceeding Rs 300 per share.
The company said the buyback will be for an aggregate amount of Rs 250 million from the open market through stock exchange mechanism.
The board of directors of the company has also declared an interim dividend of 50% (i.e. Rs. 5 per equity share) for the financial year 2018-19. The record date for the purpose of the interim dividend has been fixed as January 5, 2018.
The company said the buyback will be for an aggregate amount of Rs 250 million from the open market through stock exchange mechanism.
The board of directors of the company has also declared an interim dividend of 50% (i.e. Rs. 5 per equity share) for the financial year 2018-19. The record date for the purpose of the interim dividend has been fixed as January 5, 2018.
