Monte Carlo Fashions rallied nearly 6 percent intraday Tuesday ahead of board meeting to consider the proposal of share buyback.
The company informed exchanges that the meeting of the board of directors of the company is scheduled to be held on November 30, 2018.
In the said meeting, the board members will consider and approve the buy-back of fully paid-up equity shares of the company.
The apparel retailer said trading window for trading in the equity shares of the company will remain closed from November 27 to December 2, 2018 (both days inclusive) for all the designated persons (including directors and designated employees as per company’s aforesaid code) and their immediate relatives.
At 14:42 hours IST, the stock was quoting at Rs 362, up Rs 12.55, or 3.59 percent on the BSE.
courtsey By – https://www.moneycontrol.com/news/buzzing-stocks/monte-carlo-fashions-climbs-6-aheadboard-meeting-for-share-buyback_11773301.html