Buyback on menu

New Delhi, June 7: Cash-rich mineral explorers NMDC and MOIL will buy back 25 per cent of their paid-up shares for about Rs 10,000 crore, two-third of which may accrue to the government. The Centre holds 80 per cent each in NMDC and MOIL. The shares of NMDC closed at Rs 91.65, up 1.66 per cent on the BSE. The MOIL scrip ended at Rs 243.10, up 1.42 per cent, on the BSE.

Sebi plan

New Delhi, June 7: Sebi plans to relax its norms to allow Real Estate Investment Trusts (REITs) to invest more in under-construction assets and have a larger number of sponsors. Sebi had put in place its regulations for REITs in September 2014 but these trusts have not generated enough interest among investors and industry players who have been seeking measures to make them attractive.

BSE move

New Delhi, June 7: The BSE today revised the circuit limit for the share movement of ABG Shipyard and 19 others as part of its surveillance action. The new limits will be effective tomorrow.