Mumbai: Aptech Ltd’s board approved a plan to buy back its shares at a maximum price of 82.

The computer education company plans to spend as much as 64.66 crore for the share buyback, the company said in a filing to BSE on Tuesday.

The company’s stock rose 9.08% to 63.70 at 11:30am on BSE, while the benchmark Sensex rose 0.68% to 19,826.46 points.

Aptech said fourth-quarter profit rose 58% from a year earlier to 15.54 crore. Total income for the quarter ended 31 March grew 14.16% to 48.61 crore.