Announced Thu, 25 Jun · 15:58 IST
Board approves share buyback at Rs 18 per share, total Rs 10.8 crore
Corporate Actions View source PDF
PATINTLOG · price
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Price reaction · full curve 14 horizons · vs prior close
-3.6%1-day move
₹15.96
prior close
₹16.20
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AI summary
Patel Integrated Logistics board approved buyback of up to 60 lakh equity shares at Rs 18 per share, totaling Rs 10.8 crore. This represents 8.62 percent of total equity shares. The buyback will be carried out through the tender offer route via the stock exchange. Record date is June 30, 2026. Company cited shares trading below intrinsic value as the reason and aims to return surplus cash to shareholders.
Likely market impact
Signals management view that shares are undervalued. Shareholders can tender shares at Rs 18 through the offer. May support share price in near term.