SIS Limited board approves INR 120 crore buyback at up to Rs 478.50 per share
SIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.0 pts less than Nifty Microcap 250 and 4.9 pts less than its Other Consumer Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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SIS Limited board approved its fifth buyback since listing, for up to INR 120 crores at a max price of INR 478.50 per share, a 10 percent premium over the June 25 closing price. Mode and final terms await shareholder and board approval. Separately, Mr Arvind Kumar Prasad to continue as Whole-Time Director until April 23, 2027, subject to shareholder nod.
Buyback signals capital return to shareholders and may support share price. Subject to shareholder and regulatory approvals before execution.