Nalco board approves share buyback worth Rs 504.8 crore

INSUBCONTINENT EXCLUSIVE:
New Delhi: State-owned Nalco Friday said its board has approved proposal to buyback shares worth Rs 504.8 crore. National Aluminium Company
Ltd in a filing to the BSE said that "the board of directors of the company in their meeting held on October 12, 2018 has unanimously
approved.the proposal to buyback not exceeding 6,73,11386 equity sharesin cash for an aggregate consideration not exceeding Rs
504,83,53,950." Aluminium maker Nalco had earlier reported a five-fold jump in net profit at Rs 687 crore for the first quarter ended June
30, 2018.