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  • 07 Feb 2022
  • ICICI Securities

Gulf Oil Lubricants to consider buyback of shares

GULFOILLUB - 409 Change: 4.70 (1.16 %)

News: Gulf Oil Lubricants will consider a proposal to buy-back shares in its next board meeting on February 9.

Views: Post the correction in stock price, buy-back of shares will reward minority shareholders. The attractiveness of the buyback will be determined when the quantum and price of buyback is announced.

Impact: Positive