November 19, 2018 / 4:49 AM / 6 months ago

BUZZ-India's Tata Investment hits 5-mth high; approves share buyback

** Shares of Tata Investment Corp jump as much as 7.85 pct to 889.95 rupees, their highest since June 20

** Company said on Friday it approved proposal to buy back up to 4.5 mln shares worth up to 4.50 bln rupees ($62.49 mln)

** About 358,097 shares change hands vs 30-day moving avg of about 51,887 shares

** Stock down about 7 pct this year, as of last close ($1 = 72.0100 Indian rupees)

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