HPCL to buyback 10 crore shares at a premium of 34%
Oil marketing player Hindustan Petroleum Corporation Limited (HPCL NSE 7.28 %) on Wednesday said its board has approved the proposal to buyback 10 crore shares, or 6.56 per cent equity stake, at Rs 250 per share.
The buyback price is at a premium of 33.88 per cent to the closing price of November 4. Shares of HPCL settled 0.54 per cent up at Rs 186.74.
