Announced Thu, 9 Jul · 17:37 IST
Orbit Exports announces Rs 27.6 crore share buyback at Rs 250
ORBTEXP · price
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Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹232.78
prior close
₹231.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
—+0.6+0.3—+1.2+2.5+1.9-1.2-5.1-4.7————
Up moveDown movePending
AI summary
Orbit Exports board approved buyback of up to 11.04 lakh equity shares at Rs 250 each, totaling Rs 27.6 crore. This is about 4.16% of paid-up equity capital. Buyback price offers around 11-13% premium over recent closing prices on BSE and NSE. Record date is July 15, 2026. Buyback will be via tender offer route on a proportionate basis. Promoters will not participate. 15% is reserved for small shareholders.
Likely market impact
Buyback reduces share count and signals management confidence; price offers around 11-13% premium over recent market levels.