Buyback approved for up to 47.5 lakh shares at Rs 312 each
GENUSPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The board approved buying back up to 47.5 lakh equity shares, 1.56% of issued capital, at Rs 312 each through a proportionate tender offer. Maximum outlay is Rs 148.20 crore and the record date is October 30, 2026. The price is 20.16% to 20.37% above October 23 exchange closing prices. Promoters will not tender, and bought-back shares will be extinguished. Funding will come from internal cash and accruals, not borrowings.
May improve earnings per share, shareholder returns and capital structure, but uses up to Rs 148.2 crore of cash at a premium to market prices.