SIS announces ₹120 crore share buyback, fifth since listing; check details

SIS Ltd has announced its fifth share buyback programme worth up to ₹120 crore, with a maximum buyback price of ₹478.50 per share, representing a 10 percent premium over the last closing price of ₹435. The buyback, subject to board and shareholder approvals, would take the cumulative capital returned to shareholders through dividends and buybacks to about ₹720 crore since the company listed in August 2017. The stock has rallied 8 percent in the last one month and 51 percent over three months.