Shares of OnMobile Global will remain in focus on Thursday, as its board is meeting to decide on buyback proposal. Investors will be keen to know the quantum and price the company plans to buyback from open market. The stock has been on the rise over the last three months from ₹28.30 to ₹73.30, which is also 52-week high. About 43,000 individual retail shareholders hold 30.58 per cent in the company. Among them, 374 investors control 14.59 per cent.
Intec Capital delisting offer begins today
The delisting offer for Intec Capital shareholders will begin on Thursday. The company offers ₹109.45 a share for the delisting. The BSE-listed company plans to mop up 45.55 lakh shares through the delisting, which ends on December 17. Shares of Intec Capital, erstwhile Intec Securities, closed at ₹103.90 on the BSE. Promoters hold 74.65 per cent stake in the company while Bodies Corporate have an exposure of 22.54 per cent, and retail investors have a meagre presence.
GST talk to keep logistics on radar
Shares such as Blue Dart Express, Gati, Transport Corporation of India and Patel Integrated Logistics among others will be active on Thursday, as Finance Minister Arun Jaitely is meeting State Finance Ministers for Goods and Service Tax. The GST will subsume indirect taxes such as excise duty and service tax at the central level and VAT and local levies on the states front. Analysts say GST regime will reduce carrying and forwarding costs for these firms.
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