Abbott India to buy back shares at Rs 650

By Our Corporate Bureau | 26 Aug 2006

1

Mumbai: Abbott India Ltd has approved a proposal for the buy back of its shares at a price not exceeding Rs 650 per share. The company's board approved the proposal at its meeting held on Friday, 25 August, and said the company would utilise funds worth Rs 52.47 crore for the purpose.

The buyback proposal is subject to shareholders' approval through a postal ballot, the company informed the BSE.

Abbott India is engaged in research, development, manufacture and marketing of pharmaceutical, medical and nutritional products.

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