India's VLS Finance falls 5.6% after share buyback approval

VLS Finance

06/01/2023 04:50

** Shares of VLS Finance  VLSF.NS  fall as much as 5.6% to
151.2 rupees
    ** Financial services co on Thursday reported that it
approved the buyback of shares worth up to 700 mln rupees via
open market route
    ** Share buyback at 200 rupees per share
    ** Over 94,077 shares change hands by 09:47 a.m. IST, 1.1x
the 30-day moving avg of 86,493 shares
    ** Stock fell 28.6% in 2022, after posting two consecutive
annual gain
 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))