Merck to buy back shares worth Rs 45 cr

Written by Agencies | Mumbai | Updated: May 31 2009, 02:41am hrs
Drug maker Merck said it will buy back shares worth Rs 45.11 crore from the shareholders of the company through open market.

The company would buy back shares at a price Rs 435 per piece, Merck said in a filing to the Bombay Stock Exchange.

The pharmaceutical company would repurchase atleast six lakh equity shares, it further said.

According to Merck, the buyback offer would open on June 10 and closes on May 19, 2010.

On Friday, share of Merck closed at Rs 383.90, up 0.59 per cent on the BSE.