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Glaxo to buy back shares

MUMBAI, MARCH 15. GlaxoSmithKline Pharmaceuticals plans to buy back its shares at a price up to Rs. 800 per share to raise promoters' holding and improve shareholder value. The board has approved the buyback of its equity shares worth up to Rs. 230.65 crores, about 25 per cent of the total paid-up equity share capital and free reserves, the company said in a release here today.

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