MARKET EYE-SAIL shares gain on share buyback report

Wed Feb 20, 2013 1:39pm IST

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A statue of Ganesh, the deity of prosperity, is carried in a taxi to a place of worship on the first day of the ten-day-long Ganesh Chaturthi festival in Mumbai August 29, 2014. REUTERS/Danish Siddiqui

Ganesh Chaturthi Festival

During Ganesh Chaturthi idols will be taken through the streets in a procession accompanied by dancing and singing, and will be immersed in a river or the sea in accordance with Hindu faith.  Slideshow 

* Steel Authority of India shares gained over 5
percent after CNBC-TV18 newschannel quoting finance ministry
sources said the SAIL board will consider a buy-back of equity
shares on Feb. 25, several dealers said.
* The news channel also said the buyback was likely around 85-90
rupees a share.
* A SAIL spokeswoman declined to comment immediately.
* SAIL shares up 1.7 percent at 79.80 rupees at 0805GMT. 

 (manoj.dharra@thomsonreuters.com;
manoj.dharra.thomsonreuters.com@reuters.net)
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