OnMobile Global, a company engeged in telecom value-added services (VAS), witnessed a sharp rise in share price on Tuesday after the company plans for buy back of securities. It announced that a meeting of the board of directors of the company will be held on Dec. 11, 2014 to consider and approve a proposal for buy back of securities of the company.

Shares of the company are trading at Rs 69.85, up Rs 3.3, or 4.96%  at the Bombay Stock Exchange (BSE) on Tuesday at 12:56 p.m. The scrip has touched an intra-day high of Rs 69.85 and low of Rs 69.85. The total volume of shares traded at the BSE is 271,808.