Emami board approves $29.5 million share buyback

Shares of Indian consumer goods company Emami rose as much as 3.7% after its board approved a buyback of up to 5.94 million shares at 475 rupees each, for an aggregate amount of up to 2.82 billion rupees ($29.45 million). The buyback price represents a premium of about 28.6% to the previous close.