Markets fixes July 4 as record date for ₹75-crore buyback

BL Chennai Bureau | | Updated on: Jun 22, 2022
Concept image

Concept image | Photo Credit: iQoncept

To buyback at ₹1,150/share

The buyback committee of the board of directors of Ltd on Wednesday approved the final buyback price of ₹1,150 a share with a offer size of ₹75 crore. The total number of shares to be bought back in the buyback would be up to 6.52 lakh equity shares, representing 2.85 per cent of the equity shares in the total paid-up equity share capital.

The buyback would be through tender offer route, on a proportionate basis.

The board fixed July 4 as the record date for the purpose of determining the names of the equity shareholders who are eligible to participate in the buyback and their entitlements.

Shares of jumped 6.53 per cent at ₹821 on the BSE as compared to the previous close of ₹770.70.

Published on June 22, 2022
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