Announced Sat, 27 Jun · 12:17 IST
Buyback price raised to Rs 20 per share, share count cut to 54 lakh
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
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.5-1.3—-2.2-3.6-7.0-4.4-1.6-0.1-1.9-6.8———
Up moveDown movePending
AI summary
Buyback Committee of Patel Integrated Logistics has raised the buyback price from Rs 18 to Rs 20 per equity share. Maximum shares to be bought back reduced from 60 lakh to 54 lakh, about 7.76% of paid-up capital. Total buyback size stays capped at around Rs 10.80 crore through the tender offer route. Addendum to the public announcement will be published in newspapers and on stock exchange websites.
Likely market impact
Higher offer price is better for shareholders tendering shares, though fewer shares will be bought back within the same total spend.