SRF gets board OK to invest 6.65 bln rupees for expansion

Newswire

MUMBAI, Feb 28 (Reuters) - Chemicals and tyre-cord maker SRF Ltd said on Monday it received board approval to invest 6.65 billion rupees for expansion of projects, including setting up of a packaging film plant in South Africa. Earlier in the day, the company said in a public announcement that it received baord approval to buy back up to 2.37 million shares for a total amount not exceeding 900 million rupees. (Reporting by Rajesh Kurup; Editing by Rajesh Pandathil)

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