The board of Hindustan Petroleum Corp Ltd (HPCL) has approved share buyback worth ₹2,500 crore i.e. 10 crore shares at ₹250 per share. A buyback would be beneficial for the shareholders who want to exit as well as those who decide to stay back, said HPCL chairman M K Surana.The company’s Q2 FY21 standalone net profit more than doubled to Rs 2,477.4 crore, while the sales revenue dropped significantly during the July-September quarter.
State-run HPCL announces Rs 2,500-cr share buyback
