India’s Paytm to buy back shares

Paytm will spend up to $127 million to repurchase it shares, the company’s board approved on Tuesday, as the Indian financial services firm looks to calm investors after a tumultuous period that has wiped about 60% value from its shares this year.
The Noida-headquartered firm, which went public late last year, made the proposal last week, a move that saw its shares gain momentum. The share ended the day at 538.4 Indian rupees, or $6.53.
The board members “unanimously” approved the firm’s proposal to buyback fully paid-up equity shares at a price not exceeding 810 Indian

リンク元