Announced Tue, 7 Jul · 21:48 IST
Orbit Exports board approves buyback at 250 rupees per share, up to 27.6 cr
Corporate Actions View source PDF
ORBTEXP · price
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Price reaction · full curve 14 horizons · vs prior close
+2.2%1-day move
₹227.85
prior close
₹226.85
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+2.2+1.8+3.4+4.7+4.1-3.0————
Up moveDown movePending
AI summary
Board of Orbit Exports approved buyback of up to 11,04,000 equity shares at 250 rupees each, totaling up to 27.6 crores, which is 4.16 percent of total paid-up equity capital. Buyback will happen through tender offer route via stock exchange. Promoters will not participate. Record date fixed as July 15, 2026. Saffron Capital Advisors appointed as manager. Also, Omprakash Jat appointed as Company Secretary.
Likely market impact
Buyback signals return of cash to shareholders and may support the share price. Promoters opting out means a larger share of the offer is available for public shareholders.