Announced Sat, 27 Jun · 12:04 IST
Buyback price raised to Rs 20 per share; share count trimmed to 54 lakh
Corporate Actions View source PDF
PATINTLOG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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———
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AI summary
Patel Integrated Logistics has revised its share buyback terms via an addendum. The buyback price has been raised from Rs 18 to Rs 20 per equity share, an about 11 percent hike. The maximum shares to be bought back have been cut from 60 lakh to 54 lakh, equal to 7.76 percent of paid-up equity capital. The total buyback payout stays capped at Rs 10.80 crore, to be done via the tender offer route.
Likely market impact
Better exit price for shareholders tendering shares. Total company payout unchanged at Rs 10.80 crore. Mildly positive.