Shardul Securities announces Rs 115.20 crore equity share buyback at Rs 60
SHARDUL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shardul Securities board approved buyback of up to 1.92 crore equity shares of face value Rs 2 at Rs 60 per share via tender offer, totaling Rs 115.20 crore. The offer represents 21.94 percent of paid-up capital and carries a premium of 43 percent over 3-month average market price and 50 percent over Aug 7 closing. Shareholders approved the buyback by special resolution on Sept 25, 2026. Promoters will participate and tender their full entitlement. The buyback was published as a public announcement on Oct 1, 2026 in Business Standard English, Business Standard Hindi, and Mumbai Lakshadeep.
Buyback at Rs 60 offers a 43 to 50 percent premium over recent prices. Promoter participation signals confidence; EPS and return ratios may improve post buyback.