India's Goldiam hits record high on share buyback

Goldiam International

13/09/2021 08:03

** Jewelry maker's shares  GOLI.NS  rise as much as 16.7% to
all-time high of 1,075 rupees
    ** GOLI's board approved a share buyback proposal of up to
456 mln rupees ($6.19 mln) on Monday  urn:newsml:reuters.com:*:nFWN2QF00R
    ** Share repurchase is set at a price of 1,200 rupees/share,
representing a 30% premium to stock's Friday close
    ** More than 750,000 shares change hands, 4.7 times 30-day
moving average
    ** Including session's gains, GOLI stock has risen more than
fourfold this year


($1 = 73.6390 Indian rupees)

 (Reporting by Shivani Singh in Bengaluru)
 ((ShivaniSingh1@thomsonreuters.com; +91 89 6969 2349))