ICI India board meet on May 26 for buyback

New Delhi, May 16 (UNI) Paints and chemicals maker ICI India Ltd today said its board would meet on May 26 to consider a buyback of shares at about Rs 575 a share.

Meanwhile, the company posted a whopping 1,637 per cent increase in net profit at Rs 184.39 crore for the fourth quarter ended March 31, 2007 as compared to Rs 10.61 crore during the same period last year.

Its total income stood at Rs 238.01 crore for the quarter as against Rs 193.03 crore for the corresponding period last year.

UNI