TD Power Systems extends gains as board mulls share buyback proposal

The stock surged 19% to Rs 137, extending its Friday's 5% gain on the BSE after the company said that its board will meet on Wednesday, September 26, to consider share buyback proposal.

Shares of TD Power Systems have surged 19% to Rs 137 per share in early morning trade on Monday, extending their 5% gain on the BSE on Friday after the company said that its board will meet on Wednesday, September 26, to consider share buyback proposal.

“The meeting of board of directors of the Company will be held on Wednesday, September 26, 2018, inter alia, to consider a proposal for buy back of equity shares of the Company including matters related/incidental thereto and any other matter as the Board of the Directors may decide during the course of the