Announced Tue, 23 Jun · 19:19 IST
Board approves buyback of up to 60 lakh shares at Rs 18 per share
Corporate Actions View source PDF
PATINTLOG · price
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Price reaction · full curve 14 horizons · vs prior close
+10.4%1-day move
₹14.46
prior close
₹15.20
base price
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AI summary
Patel Integrated Logistics board approved buyback of up to 60 lakh equity shares at Rs 18 per share via tender offer route. Total buyback size up to Rs 10.80 crore, about 8.62 percent of total paid-up capital. Record date fixed as June 30, 2026. Saffron Capital Advisors appointed as merchant banker. Eligible shareholders can participate on proportionate basis.
Likely market impact
Buyback signals management confidence and returns cash to shareholders. May provide price support near record date of June 30, 2026.