Quick Heal stock climbs after board approves buyback of shares

The board of directors of the company has approved buyback of up to 63.63 lakh equity shares of the company aggregating up to 9.02% of the fully paid up equity share capital of the company at Rs275 per share.

Mar 06, 2019 06:03 IST India Infoline News Service

Quick Heal
Shares of Quick Heal Tech climbed over 4.5% on the BSE in the morning trade after the board approved buyback of equity shares. The Board of Directors of the company has approved a buyback of up to 63.63 lakh equity shares of the company aggregating up to 9.02% of the fully paid up equity share capital of the company at Rs275 per share.

The promoters of the company will participate in the buyback and offer up to 46.02 lakh equity shares, as per BSE filing.

Quick Heal Technologies Ltd is currently trading at Rs235.05, up by Rs10.85 or 4.84%, from its previous close of Rs224.20 on the BSE. The scrip opened at Rs235 and has touched a high and low of Rs239.90 and Rs231.45, respectively.

The BSE group 'B' stock of face value Rs10 has touched a 52-week high of Rs354.15 on May 11, 2018, and a 52-week low of Rs171.50 on February 18, 2019. Last one week high and low of the scrip stood at Rs225 and Rs197, respectively.

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