SIS shares rally 9% as firm announces Rs 100 crore buyback plan

he firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15

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The company's December quarter profit jumped 26.5 per cent year-on-year to Rs 99.02 crore

SI Reporter New Delhi
Shares of Security Intelligence Services (SIS) vaulted 9 per cent to Rs 465 on the BSE in Tuesday's intra-day session after the company on Monday, post market hours, announced a share buyback offer worth Rs 100 crore.

The company in an exchange filing on February 15, 2021, said that it would buyback 18,18,181 equity shares, representing 1.24 per cent of the total paid-up equity capital as on March 31, 2020. READ MORE

First Published: Feb 16 2021 | 11:11 AM IST

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