India's Marksans Pharma jumps over 15% on share buyback proposal

Marksans Pharma

05/07/2022 06:10

** Shares of Indian pharmaceutical firm Marksans Pharma
 MARK.NS  soar as much as 15.47% to 50 rupees, their biggest
intraday pct gain since April 1
    ** Co said on Monday that its board will meet on July 8 to
consider a share buyback proposal  urn:newsml:reuters.com:*:nFWN2YK028
    ** MARK did not specify the quantum of the buyback
    ** About 7.6 mln Marksans shares change hands vs 30-day avg
of 585,147
    ** MARK shares down 28% so far this year as of last close

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com))