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Akzo Nobel India up 10.46% on buyback plans
Akzo Nobel India has rallied 10.46% to Rs 900.50 after the company announced buyback of its own equity shares from the existing shareholders.

“The board of directors of the company will meet on February 14, to evaluate the possibility of a share buyback proposal from minority shareholders for implementation at the earliest opportunity," the company said in a filing to the stock exchanges.

The board will also consider the quarterly results for the quarter ending on December 31, 2011 and examine a proposal for review of the royalty arrangement with Akzo Nobel NV, it added.