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MUMBAI: Gulf Oil Corporation Ltd (Gulf Oil) plans to buyback odd lot shares of the company at a maximum price of Rs 120 per share, subject to regulatory approvals.

The committee of directors has proposed that the company should buyback odd lot shares from the open market through bourses at price not exceeding Rs 120 per share, Gulf Oil has informed the Stock Exchange, Mumbai (BSE).

The buyback should be done only after obtaining necessary approvals from the Securities and Exchange Board of India and other regulatory authorities, it said.

More Stories on : Buyback | Petroleum

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