Domestic rating agency ICRA today said its board will meet later this week to consider a proposal for buy—back of equity shares of the company.
”...Board meeting of the company scheduled to be held on February 9, 2017 ... At the said meeting, the Board will also consider a proposal for buy—back of the equity shares of the company,” Icra said in a regulatory filing.
The company, however, did not elaborate on the size of the buyback. It will also announce its quarterly result on the said date.
Shares of Icra were trading 6.88 per cent higher at Rs 4,374 apiece on the BSE.