Genus Power approves Rs 148.20 crore share buyback at Rs 312
GENUSPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved buying back up to 4.75 million equity shares at Rs 312 each, for a maximum outlay of Rs 148.20 crore, equal to 1.56% of issued shares. The proportionate tender offer has October 30, 2026 as the record date, with at least 15% reserved for small shareholders. Promoters will not tender. Funding will come from cash, current investments or internal earnings, not borrowings.
Shareholders may benefit from a premium buyback and lower share count, but up to Rs 148.20 crore of cash will be used. Promoters will not tender.