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Nalco board approves share buyback worth Rs 504.8 cr

Press Trust of India  |  New Delhi 

State-owned Friday said its board has approved proposal to shares worth Rs 504.8 crore.

Ltd in a filing to the said that "the board of directors of the company in their meeting held on October 12, 2018 has unanimously approved....the proposal to not exceeding 6,73,11386 equity shares...in cash for an aggregate consideration not exceeding Rs 504,83,53,950."

Aluminium maker had earlier reported a five-fold jump in net profit at Rs 687 crore for the first quarter ended June 30, 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, October 12 2018. 20:50 IST
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