Announced Thu, 9 Jul · 17:31 IST
Orbit Exports board approves 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 11,04,000 equity shares (4.16 percent of paid-up capital) at Rs 250 per share, totaling Rs 27.60 crore, via tender offer through stock exchanges. Price offers 10.64 percent and 11.89 percent premium over the 3-month weighted average on BSE and NSE respectively. Promoters will not participate. Record date is July 15, 2026. Buyback stays within the 10 percent statutory limit. 15 percent reserved for small shareholders.
Likely market impact
Buyback at a premium may support the stock price. Promoters sitting out opens more shares for public holders. Tender ratio will decide allotments.