Selan Exploration up on buyback plan

DALAL STREET SPIKES

Shares of Selan Exploration Technology shot up to a high of Rs 137.95 a share after the board of the company approved buyback of shares at up to Rs 230 a share. Shares closed at Rs 133.8 a share, up 1.83 per cent from the last traded price.

A total of 15,936 shares changed hands at the Bombay Stock Exchange. The company said it would buyback up to 25 per cent of its paid-up capital and free reserves at a maximum of Rs 230 a share. The company made the announcement after market hours yesterday.