Announced Tue, 23 Jun · 12:50 IST
Buyback of 21.5 lakh shares at Rs 1,380 approved by shareholders
Corporate Actions View source PDF
KAJARIACER · 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
+3.2%1-day move
₹1165.40
prior close
₹1170.60
base price
In-mkt
timing
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AI summary
Shareholders approved a buyback of up to 21.5 lakh equity shares at Rs 1,380 per share via the tender offer route, aggregating up to Rs 296.70 crores. This represents 1.35 percent of total paid-up equity capital. The special resolution passed with 97.82 percent votes in favour and just 2.18 percent against. Promoters hold 47.69 percent of the company currently.
Likely market impact
Modest buyback worth about Rs 296.70 cr, 1.35 percent of capital. Likely mild positive for eligible shareholders near record date.