Dalmia Bharat announces share buy-back scheme

The board of India’s Dalmia Bharat Ltd has approved a proposal to buy back shares worth up to INR5bn (US$65.79m).

It intends to buy no more than 71,42,857 shares at a maximum price of INR700 per unit. The shares will be purchased from the open market through the National Stock Exchange of India and BSE Ltd, according to a statement.