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In a filing to the Bombay Stock Exchange, India Infoline said a meeting of the board of directors would be held on November 28 to consider the share buyback proposal.
Shares of the company, which opened lower at Rs 36 in the early trade, surged 8.12 per cent after the announcement to a high of Rs 41.95.
It was later quoting at Rs 39.40, up 1.55 per cent in the late afternoon trade on the BSE.
**** GE Shipping incorporates Norwegian subsi * GE Shipping today said its subsidiary has incorporated its Norwegian joint venture as a wholly owned-subsidiary.
In a filing to the BSE, GE Shipping said its subsidiary Greatship (India) Ltd (GIL) has incorporated a Norway-based Greatship DOF Subsea Projects as its wholly-owned subsidiary.
Earlier in September, GIL had entered into a JV with DOF Subsea ASA.
Shares of GE Shipping were trading at Rs 156.80, down 3.21 per cent on the BSE.
Welspun Gujarat Stahl Rohren order book at Rs 9,500 cr * Welspun Gujarat Stahl Rohren today said its order book stands at Rs 9,500 crore. The company recently won orders worth Rs 500 crore from Indian and overseas, Welspun Gujarat Stahl Rohren said in a filing to the BSE.
"Even in the current economic scenario, we are proud to bag these outstanding orders. These orders not only reaffirms our position as a sustainable organisation with the ability to meet requirements for the toughest of projects; but also as one of the leading line pipe making companies in the world" Welspun Vice Chairman and Managing Director B K Goenka said.
Shares of the Welspun Gujarat Stahl Rohren closed at Rs 93.80, down 5.92 per cent on the BSE.
**** Haryana Capfin receives certificate to commence NBFC * Haryana Capfin today said it has received certificate of registration from the Reserve Bank of India to commence and carry the business of Non-Banking Financial Institutions.
"Reserve Bank of India has issued the certificate of registration under section 45-IA of the Reserve Bank of India Act, 1934," Haryana Capfin said in a filing to the BSE.
Non-banking Financial Institutions carry out financing activities but their resources are not directly obtained from the savers as debt. Instead, these institutions mobilise the public savings for rendering other financial services, including investment.
Shares of the Haryana Capfin closed at Rs 22, down 16.67 per cent on the BSE.
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