EID Parry Results and to consider Buy Back on 29th October 2007

EID Parry India Ltd has informed the Indian Stock Markets BSE and NSE that a Board of Directors meeting of the company will be held on 29th October 2007 to consider the proposal for Buy back of equity shares.

The Board meeting will also approve the Unaudited Financial Results of the company for the quarter ended September 30 2007.

Based on the Buy Back news the shares of EID Parry have rallied well in the last 2 trading sessions the stock has moved up around 10%. The stock closed at Rs 145.75 on Wednesday 24th October 2007 at the National Stock Exchange.

It would be interesting to see, what the Board of Directors would announce in the Board meeting on 29th October about the Buy Back offer of EID Parry.

EID Parry India Ltd has informed the Indian Stock Markets that the Board will meet on 29th October 2007 to consider Buy Back offer of equity shares and unaudited Financial Results.