Go Fashion (India) Limited has informed the Exchange about Copy of Newspaper Publication
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Go Fashion (India) Limited has completed its buyback of 14,13,000 equity shares at ₹460 per share, for an aggregate value of up to ₹64.99 crores, on a proportionate basis through the tender offer route. The buyback represents 2.62% of the company's total equity share capital. The offer was oversubscribed by 10.84 times, with 6,291 valid bids received for 1.53 crore shares against the 14.13 lakh shares on offer. Settlement was completed on February 27, 2026, and the extinguishment of the bought-back shares is expected to be completed by March 12, 2026. Following the buyback, the company's paid-up equity capital will reduce from 5,40,08,984 to 5,25,95,984 shares, and the promoter group's shareholding will increase from 52.79% to 54.20%. Major participants included Nippon Life India Trustee (20.01%), SBI Small Cap Fund (19.61%), and SBI Life Insurance (9.38%).
The buyback returns approximately ₹65 crores to shareholders and reduces the share count, which is generally positive for earnings per share. Promoter shareholding rises marginally, while public float is slightly reduced. The strong oversubscription indicates healthy demand and shareholder confidence at the buyback price.