Announced Tue, 7 Jul · 21:50 IST
Orbit Exports fixes July 15 record date for share buyback at Rs 250
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
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————+2.2+1.8+3.4+4.7+4.1-3.0————
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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, aggregating up to Rs 27.60 crore via tender offer through stock exchange. Promoters will not participate. Record date fixed as July 15, 2026. Saffron Capital Advisors appointed as merchant banker. Board also appointed Mr. Omprakash Jat as new Company Secretary.
Likely market impact
Buyback at Rs 250 per share signals confidence and supports the share price. Promoters not participating means more shares available for retail shareholders to tender.