Announced Tue, 16 Jun · 18:39 IST
Buyback complete: 16.17 lakh shares extinguished at Rs 680/share
Corporate Actions View source PDF
GARFIBRES · 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
+2.9%1-day move
₹680.10
prior close
₹682.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.0+0.2+1.3+2.9+16.3+13.1+12.2+9.0+9.6+6.6+12.5——
Up moveDown movePending
AI summary
Garware Technical Fibres has completed extinguishment of 16,17,500 equity shares (face value Rs 10) bought back at Rs 680 per share via tender offer under SEBI Buyback Regulations. Total buyback value is about Rs 110 crore. Paid-up share capital reduced to Rs 97.65 crore (9,76,48,345 shares) from Rs 99.27 crore. Promoter holding rose to 54.25% post-buyback from 53.36%.
Likely market impact
Reduces share count, may boost EPS. Promoter holding rises to 54.25%, indicating insider confidence.