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IndiaMart InterMesh zooms ~3% as board mulls buyback of equity shares

The company will consider the proposal in its meeting to be held on April 28, 2022.

April 26, 2022 10:53 IST | India Infoline News Service
IndiaMART InterMESH Limited’s counter gained nearly 3% in today’s early morning trade as the company informed its intention to consider the buyback proposal.

Its scrip was trading at Rs4,960, 3.04% higher than its previous close of Rs4,813.65 on the National Stock Exchange.

The company in its regulatory filing informed that the Board of Directors will consider the proposal for buyback of fully paid-up equity shares of the company in accordance with SEBI Regulations, 2018 in their meeting scheduled to be held on Thursday, April 28, 2022.

The company further stated that “You may also note that the Trading Window of the Company for trading in the Company’s equity shares has already been closed from Friday, April 01, 2022, till the expiry of forty-eight hours after the announcement/ declaration of the Financial Results of the Company for the quarter and year ended March 31, 2022.”

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