Announced Mon, 29 Jun · 20:57 IST
SIS Limited announces fifth share buyback worth up to Rs. 120 crore
Compliance View source PDF
SIS · 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
-3.3%1-day move
₹436.65
prior close
₹429.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.5-0.9-1.1-1.1-3.3-2.5-2.4-2.0-1.5+0.7+1.0———
Up moveDown movePending
AI summary
SIS Limited's Board has approved in principle a fifth share buyback of up to Rs. 120 crore since its 2017 listing. The buyback price is up to Rs. 478.50 per share, a 10% premium over the Rs. 435 close, targeting about 25 lakh shares. Total capital returned to shareholders across earlier buybacks and dividends will cross around Rs. 720 crore. The buyback is expected to be EPS and ROCE accretive. Subject to Board and shareholder approval.
Likely market impact
Positive for shareholders - capital return at 10% premium to market price and EPS accretion. Awaiting shareholder approval.