homemarket NewsIndiaMART InterMESH to consider share buyback on July 20; stock rises 5%

IndiaMART InterMESH to consider share buyback on July 20; stock rises 5%

Shares of IndiaMART InterMESH gained as much as 5 percent in Monday's trade to hit an intra-day high of Rs 2,998.95 apiece on the NSE. On a year-to-date basis, the stock is up 36 percent, while it rallied 44 percent in the last one year.

By Meghna Sen  Jul 17, 2023 11:34:05 AM IST (Updated)

2 Min Read

Noida-headquartered e-commerce company IndiaMART InterMESH will consider a proposal for buyback of fully paid up equity shares of the company in their meeting scheduled to be held on Thursday, July 20, 2023.
"The board of directors of IndiaMART InterMESH Limited (the ‘company’), will also consider the proposal for buyback of fully paid up equity shares of the company, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 as amended, and other applicable laws, in their meeting scheduled to be held on Thursday, July 20, 2023," it said in a BSE filing.
The trading window of the company for trading in its equity shares has been closed from Saturday, July 1, 2023, till the expiry of 48 hours after the announcement/ declaration of the financial results of the firm for the June quarter, the company said.