Friday, 22 March 2019

The Investment Trust Of India Rallies 17% On ITI Reinsurance Share Buyback

Shares of The Investment Trust of India rallied 17 percent intraday on March 22 after the company on March 20 bought back equity shares worth Rs 54.36 crore of ITI Reinsurance Limited, making it a wholly-owned subsidiary of the company.

The Investment Trust of India in its BSE release said that the company has bought back 5,43,60,000 equity shares of Rs 10 each from ITI Reinsurance, a material subsidiary of the company.

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