Announced Tue, 11 Aug · 18:22 IST
Board approves share buyback up to Rs 69.7 crore at max Rs 500 per share
ADVENZYMES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹298.50
prior close
₹304.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.5-0.5-1.3+0.9+1.5+2.1+1.5+2.5+0.5————
Up moveDown movePending
AI summary
Advanced Enzyme Technologies board approved a buyback of equity shares worth up to Rs 69.7 crore via the open market route on BSE and NSE. The maximum buyback price is Rs 500 per share, a 42% to 59% premium over recent trading prices. Up to 13.94 lakh shares may be bought back, which is 1.24% of total equity. The buyback size is about 9.99% of paid-up capital and free reserves.
Likely market impact
Positive signal for shareholders. Buyback at 42-59% premium to recent market price may support stock price and return value to shareholders.