Gujarat Fluorochem share buyback at 300 rupees each

MUMBAI, March 24 Mon Mar 24, 2008 9:26am IST

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MUMBAI, March 24 (Reuters) - Refrigerant gases maker Gujarat Fluorochemicals Ltd (GFLR.BO) said on Sunday its board has approved the buyback of its equity shares at a maximum of 300 rupees each.

The company plans to spend up to 614.33 million rupees for the buyback, it said in a statement.

Gujarat Fluorochemicals shares had closed at 179 rupees on Wednesday in the Mumbai market. (Reporting by Prashant Mehra; Editing by Harish Nambiar))