Announced Tue, 23 Jun · 19:09 IST
Board approves buyback of up to 60 lakh shares at Rs 18 per share
Board & Shareholder Meetings View source PDF
PATINTLOG · price
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AI summary
Patel Integrated Logistics board approved a buyback of up to 60 lakh equity shares (8.62 percent of paid-up capital) at Rs 18 per share via tender offer route. Total buyback size is up to Rs 10.80 crore, about 8.43 percent of paid-up capital and free reserves. Record date is June 30, 2026. Saffron Capital Advisors is the manager. Total shares outstanding are 6.95 crore, with promoters holding 36.15 percent.
Likely market impact
Buyback at Rs 18 per share may support the stock price. Eligible shareholders can tender shares by the June 30, 2026 record date.