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Under a share buyback programme, a company buys back its own shares from shareholders. It is seen as a tax-efficient way to give cash back to investors. Share buyback reduces the number of shares available in the market, thereby increasing the real value of the stock.
The Nifty gained almost 2 percent in the previous week and has generated a fresh buy signal on RMI
The Nifty Bank index recovered from the day's low of 45,590.20 to end 0.7 percent higher at 46,218.90.
Young Bollywood actor Girish Kumar Taurani made his screen debut in the romantic comedy Ramaiya Vastavaiya in the year 2013.
Around 5.1 percent equity changed hands. Moneycontrol could not immediately identify the buyers and sellers involved in the transaction