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Provogue India to buy back shares worth Rs50 cr

Provogue India to buy back shares worth Rs50 cr
PTI
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First Published: Mon, Aug 17 2009. 02 00 PM IST
Updated: Mon, Aug 17 2009. 02 00 PM IST
Mumbai: Garments maker Provogue India on Monday said it will buy back shares worth Rs50 crore from its shareholders through open market route.
“The directors have approved to repurchase 50 lakh shares at Rs100 a piece, aggregating to Rs50 crore,” Provogue India said in a filing to the Bombay Stock Exchange (BSE).
The buy-back is subject to necessary regulatory approvals, the filing added.
Shares of Provogue India were trading at Rs66.50 on the BSE, up 1.99% from previous close.
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First Published: Mon, Aug 17 2009. 02 00 PM IST